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Gorillas Secures Close To Usd 1 Billion In Series C Funding, Raising The Largest European Round In Its Sector To Date

Oct 19, 2021•almost 4 years ago

Amount Raised

$1 Billion

Round Type

series c

Berlin

Description

Gorillas, the European market leader in instant on-demand grocery delivery, has successfully raised close to USD one 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 European delivery champion Delivery Hero, and included further investments by its existing investors Coatue Management, DST Global, Tencent, Atlantic Food Labs, Fifth Wall, Greenoaks, A*, and new investors G Squared, Alanda Capital, Macquarie Capital[1], MSA Capital and Thrive Capital. This new funding comes 7 months after Gorillas successfully raised USD 290 million in its Series B funding in March 2021.

Company Information

Company

Gorillas

Location

Berlin, Maryland, United States

About

Gorillas, founded by CEO Kağan Sümer, builds an infrastructure for the fastest last-mile delivery of essential human needs. The on-demand delivery startup needs just a few minutes to get a user's desired goods from the cart to the user's desired location. 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€. By disrupting the shopping and supply chain experience of traditional retail companies, Gorillas is shaping new grocery consumer behaviour (Need-Order-Get). In contrast to established gig economy models, Gorillas employs all of its riders and has hired a diverse team of more than 11,000 employees globally – spreading true change in its community. 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. [1] An entity managed by Macquarie Capital Principal Finance. Photo - https://mma.prnewswire.com/media/1663559/Gorillas_riders_crew.jpgLogo - https://mma.prnewswire.com/media/1652039/Gorillas_Logo.jpg SOURCE Gorillas Technologies GmbH