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Reviews Gorillas challenger Flink secures 43 million euros for its delivery service

16:06  03 march  2021
16:06  03 march  2021 Source:   t3n.de

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The Berlin food delivery service Flink has raised 43 million euros from investors. The startup intends to use the capital to expand in Europe.

Flink: Berliner Bringdienst-Startup mit Millionen-Finanzierung. © Flink Flink: Berlin delivery service startup with millions in funding.

Just a few months after Gorillas started, Julian Dames, Christoph Cordes and Oliver Merkel founded the Berlin food delivery service Flink in September 2020. Like the delivery service Gorillas , which started in June as a Prime Now competitor, Flink has also specialized in the delivery of groceries to your home - at retail prices and within a short time. Now Flink has obtained fresh funds for further expansion.

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Flink: Existing and new investors on board

In a financing round led by Target Global, which was also joined by existing investors such as Northzone, Cherry Ventures and - new - the Californian lender Triplepoint Capital, the startup is said to have raised a whopping 43 million euros, as reported by Techcrunch . In addition, Cristina Stenbeck from investor Kinnevik is said to be new on board. With the new round, the sum of the funds raised so far from the startup increases to 53 million euros.

The company, which was officially launched only around six weeks ago, intends to use the money to expand its business radius and expand into the Netherlands and France even faster than previously planned. In the second quarter, the first locations in cities like Amsterdam and Paris are to be built, it is said. The Flink delivery service is currently active in Berlin, Düsseldorf, Hamburg, Munich, Nuremberg and Cologne. More Flink locations in Germany are to be added soon.

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lightning delivery: new standard in shopping?

Investors see the new standard in the shopping area in the business model of ordering and delivering groceries within a few minutes, which is booming, especially during the corona pandemic, as Northzone manager Jessica Schultz, a Hellofresh co-founder, says. The food market is the perfect starting point for this - despite the challenging logistics. Because the goods customers want must always be in stock and be able to be delivered quickly.

Incidentally, the Flink founders are not newcomers to the field: Julian Dames, for example, was a co-founder of Foodora, CMO at Foodpanda and Vice President at Delivery Hero. Christoph Cordes was Co-CEO of Home24, and Oliver Merkel was responsible for the retail sector at Bain & Company. The Flink founders see their startup plans confirmed by customer feedback. Customers loved the fast delivery, some would even order several times a week, Merkel told Techcrunch.

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