Flink raises $150M despite rapid grocery delivery sector slowdown

Flink, one of the few rapid grocery delivery startups left operating in Europe, has secured $150mn to grow its business in Germany and the Netherlands. The funding comprises $115 million in equity and $35 million in debt, with backing from both new and existing investors, including BOND, Northzone, and supermarket chain REWE. This reportedly brings the company’s valuation to nearly $1bn. With the fresh capital, Flink plans to “expand [its] footprint, improve operational efficiency, and continue delivering […] its service” in the two countries, said Oliver Merkel, the startup’s founder and managing director. The Berlin-based startup will carry out this…

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