In a recent development, Gorillas, a Berlin-based on-demand grocery delivery startup, has successfully raised close to $1 billion in a Series C funding round. It is the largest funding of a non-listed business Europe’s grocery delivery sector has seen to date. The round was led by German delivery champion Delivery Hero, and included further investments by its existing investors Coatue Management, DST Global, Fifth Wall, Tencent, Atlantic Food Labs, Fifth Wall, Greenoaks, A* and new investors Alanda Capital, G Squared, Macquarie Capital, MSA Capital and Thrive Capital.
This new funding comes 7 months after Gorillas successfully raised $290 million in its Series B funding in March 2021 .
Since its founding in June 2020, Gorillas grew to operate over 180 warehouses in 9 international markets, delivering over 4.5 million orders in the past 6 months alone. The capital raised will allow Gorillas to reinforce its footprint in existing markets while investing more deeply in its operations, people, technology, marketing and finance infrastructures. These investments will help Gorillas to enhance its customer experience.
“The size of today’s funding round by an extraordinary investment consortium underscores the tremendous market potential that lies ahead of us. With Delivery Hero, we have chosen strong strategic support that is deeply rooted in the global delivery market and is renowned for having a unique experience in sustainably scaling a German company internationally. We have the best team in our sector, leading partners, and financial resources to strengthen our market-leading position in Europe and beyond,“ says Kağan Sümer, CEO and Founder of Gorillas.
“Gorillas has been setting new standards for the delivery industry by offering an efficient and sustainable alternative to traditional grocers. We have been following their stellar growth over the past few months, and we are beyond excited to be now part of their journey. Both of our companies place a lot of value on creating a strong sense of community and we are convinced that our investment will positively impact employees, consumers as well as our industry.” says Niklas Östberg, CEO and Co-Founder of Delivery Hero.
Founded by CEO Kağan Sümer, Gorillas is building an infrastructure for the fastest last-mile delivery of essential human needs. Users of the app benefit from access to more than 2,000 essential items at retail prices for a delivery fee of just 1.80€. In a little over one year, Gorillas has expanded to more than 55 cities, including Amsterdam, London, Paris, Madrid, New York, Milan and Munich, and built more than 180 warehouses across 9 countries.
— Press release