Quick Commerce Player Flink Raises €100M

This latest $100 million funding round was led by Prosus and included new investor Btomorrow Ventures, the venture capital arm of British American Tobacco. The deal reportedly values the Berlin-based company at $900 million, an increase from a previous down round, signaling renewed investor confidence after a post-pandemic market correction. Flink has now achieved profitability at an EBITDA level, a significant milestone after recording losses of €515 million in 2022 and €213 million in 2023. CEO Julian Dames attributes this to a focus on operational discipline and realistic customer expectations, a shift from the growth-at-all-costs era. The funding comes after a massive consolidation in the European quick commerce sector. Competitor Gorillas was acquired by Turkish firm Getir, which itself later withdrew from all European markets and was subsequently bought by Uber. This shakeout leaves Flink as one of the last major independent players standing in the market. The company's strategy hinges on a dense network of 160 local hubs serving 22.5 million people across Germany and the Netherlands. Flink reports an average basket size of over €45 and an average delivery time of around 30 minutes, focusing on frequent top-up shopping rather than large bulk orders. A key strategic advantage for Flink is its partnership with German supermarket giant REWE Group, a major investor and its primary merchandise supplier. This relationship provides Flink with a significant supply chain edge over its remaining competitors. The new capital is earmarked for targeted expansion within its core markets of Germany and the Netherlands in 2026. The company plans to open new hubs based on strict profitability and population density criteria, avoiding the earlier industry trend of unchecked scaling.