Official company announcements, financial news reports

German Speedy Grocery Startup Flink Raises $150M, Valuation Nears $1B

Sep 17, 2024, 06:45 AM

Flink, the German speedy grocery startup based in Berlin, has raised an additional $150 million in funding, bringing its valuation to just under $1 billion. This funding round follows a period of significant challenges for the company, including a previously reported but inaccurate raise earlier this year and the collapse of a potential acquisition by Getir. Flink has been a target for acquisition by multiple companies, including Gorillas, Getir, Amazon, and Gopuff. The company is now focused on rebuilding after navigating a turbulent period in the instant grocery delivery market.