560 million US dollars for Flink
Flink is expanding: the delivery service's valuation is now said to be as high as $2.7 billion.
According to information from the Manager Magazines Flink has received 560 million US dollars from its investors. After the funding round, this brings the valuation of the quick delivery service to $2.7 billion.
Just under 15 percent of Flink 's shares are owned by US delivery service Doordash. Mubadala Capital Ventures and Bond Capital are also among the investors in the German start-up. Rewe Group is said to have a stake of around five percent in Flink.
Since its founding last year, Flink has expanded rapidly: According to the Manager Magazine Flink is now also said to be larger than rival Gorillas. The delivery service is now present in 41 German cities and delivers groceries to users within ten minutes of ordering.
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