The rapid grocery delivery sector has faced challenges, yet Flink secured $150 million to enhance its operations in Germany and the Netherlands, aiming for profitability by 2025.
Oliver Merkel stated, "With the fresh capital, we aim to expand our footprint and improve operational efficiency while continuing to provide our services in Germany and the Netherlands."
Having achieved EBITDA break-even at the country level, Flink anticipates $600 million in gross revenue in 2024, marking a 20% increase from 2023.
Following its exit from France, Flink's focus now lies solely on Germany and the Netherlands, indicative of the sector's consolidation amidst decreasing consumer interest.
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