Tue Sep 17 06:42:36 UTC 2024: ## Flink Raises $150 Million to Double Down on German and Dutch Markets

**Berlin-based quick-commerce startup Flink, once a target for acquisition by giants like Gorillas, Getir, Amazon, and Gopuff, has announced a new $150 million funding round. This injection of capital will fuel Flink’s expansion in Germany and the Netherlands, where it has formed a “preferred partnership” with Just Eat Takeaway.**

The investment, a mix of equity and debt, comes from both new and existing investors including BOND, Mubadala, Northzone, and supermarket giant REWE. Flink’s valuation is now reportedly just under $1 billion, a significant drop from its peak of nearly $5 billion in 2021.

Flink’s renewed focus on Germany and the Netherlands comes after a tumultuous period in the quick-commerce market. The sector, fueled by pandemic-era demand, saw a surge in investment, but many startups have since either folded or been acquired by competitors.

Flink, which exited France last year, is now aiming for profitability. The company expects to reach $600 million in gross revenue in Germany and the Netherlands by 2024, a 20% increase from 2023. It has also achieved EBITDA breakeven in both markets and is targeting overall profitability by Q2 2025.

With 146 hubs in 80 cities, Flink plans to expand further, opening 30 new locations in the next year. The company currently employs 8,900 people.

This funding round signifies a strategic shift for Flink, which is now prioritizing sustainable growth over rapid expansion. By focusing on its core markets and strengthening its partnerships, the company is aiming to emerge as a leading player in the evolving quick-commerce landscape.

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