Gorillas, a Berlin, Germany-based instant on-demand grocery delivery company, raised close to USD$1 billion in Series C funding.
The round was led by Delivery Hero, and included further investments by its existing investors Coatue Management, DST Global, Tencent, Atlantic Food Labs, Fifth Wall, Greenoaks, A (an entity managed by Macquarie Capital Principal Finance), and new investors G Squared, Alanda Capital, Macquarie Capital, MSA Capital and Thrive Capital.
The company intends to use the funds to reinforce its presence in existing markets while investing in its operations, people, technology, marketing and finance infrastructures.
Led by Kağan Sümer, CEO and Founder, Elmar Broscheit, CFO, Adrian Frenzel, COO, and Deena Fox, CPO, Gorillas is an on-demand delivery startup that builds an infrastructure for 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 1.80€. Gorillas employs all of its riders and has hired a diverse team of more than 11,000 employees globally. Since its founding in June 2020, Gorillas has grown to operate over 180 warehouses in 9 international markets, delivering over 4.5 million orders in the past 6 months alone. The company 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.
FinSMEs
19/10/2021