Flink apparently makes 400 million euros in sales

The fast delivery service seems to have won the competition with Gorillas and now wants to become profitable as quickly as possible.

Flink probably made a good 400 million euros in sales in 2022. This is reported by the Financial Times. This means that the team around founder and CEO Oliver Merkel has quintupled sales compared to the previous year. Now Flink wants to become profitable in the German business in the fourth quarter of this year. In this country, the fast delivery service with the pink-clad drivers generates about half of its revenue. One year later, in the fourth quarter of 2024, the entire business should then be profitable. To achieve this goal, Flink announced a cost-cutting program back in September.

The fast delivery service seems to have finally overtaken its competitor Gorillas. Its founder, Kagan Sümer, sold his Unicorn to Turkish competitor Getir. In a video published on Linkedin, he says he feels neither a winner nor a loser in this deal. Within the scene, however, it now seems clear that in the face-off with the competition, Sumer's startup lost.

Flink was founded in 2020. Since then, the start-up has received around 700 million euros. According to the Financial Times, Flink is thus financed until the end of next year. But there are also problems at the pink fast delivery service. Most recently, the Austrian subsidiary filed for insolvency. The proceedings have been ongoing since mid-December. In October 2021, the subsidiary delivered for the first time in three Austrian cities. The 163 employees had to be laid off, Flink made a double-digit million loss.