Home Health Gorillas closes a billion dollar loan

Gorillas closes a billion dollar loan

by admin

European market leader in instant grocery delivery, Gorillas, just raised nearly $ 1 billion in a Series C funding round. This is the largest unlisted company funding that the grocery delivery industry has. food in Europe ever seen to date.

The round was led by European delivery giant Delivery Hero and included additional funding from 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 six months after the $ 290 million Series B funding Gorillas raised in March 2021.

“Since its foundation in June 2020 – they explain to Gorillas – we have grown rapidly to manage over 180 warehouses in 9 international markets, delivering over 4.5 million orders in the last 6 months alone. Following this rapid international growth, we are now entering the next phase of its development, building a scalable and robust business infrastructure and accelerating future growth. The capital raised allows Gorillas to strengthen its presence in existing markets by investing more specifically in operations, people, technology, marketing and financial infrastructure. These investments will help Gorillas continually deliver an excellent customer experience. “

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