Flink Secures $150 Million in Funding to Expand Quick Commerce Business in Germany and the Netherlands in Partnership with Just Eat Takeaway.com
Flink, the Berlin-based quick commerce startup, has confirmed a fresh fundraise of $150 million, comprising $115 million in equity and $35 million in debt. This investment will be used to double down on business operations in Germany and the Netherlands in collaboration with Just Eat Takeaway.com, a major player in the delivery industry.
The funding round includes contributions from existing investors like BOND, Mubadala, Northzone, and REWE, as well as two unnamed investors. Speculation suggests that Just Eat Takeaway.com may be one of the undisclosed backers, as the two companies have entered into a "preferred partnership" to enhance their delivery services.
Flink's founder and managing director, Oliver Merkel, expressed optimism about the company's growth prospects, stating that the investment will support their expansion efforts and commitment to providing fast and reliable service to customers. While the company has not disclosed its valuation for this round, sources estimate it to be just under $1 billion.
In recent years, Flink's valuation has fluctuated significantly, reaching highs of $3 billion and $5 billion following previous investment rounds. The latest funding news comes amidst a turbulent period for the instant delivery market, which saw rapid growth and subsequent consolidation as some players struggled to maintain profitability.
Flink's strategic decision to focus on core markets like Germany and the Netherlands reflects a broader trend in the industry, with companies prioritizing unit economics and profitability over rapid expansion. By achieving Ebitda break-even in key markets and targeting overall profitability by Q2 2025, Flink aims to solidify its position as a leading player in the quick commerce space.
With 146 hubs across 80 cities and plans to open 30 more locations in the coming year, Flink is poised for continued growth and success in the competitive delivery market. By providing context, analysis, and insights into Flink's latest funding round and strategic direction, this article aims to inform readers about the company's trajectory and its potential impact on the financial landscape.