Gorillas apparently plans financing round

However, according to a media report, the struggling food delivery service will have to accept a lower valuation.

The food delivery service Gorillas apparently wants to raise 250 million euros. This is reported by the US edition of Business Insider. Gorillas is probably relying on its existing investors, but will also have to live with a lower valuation as part of the financing round.

The delivery service, which aims to bring food to your doorstep within ten minutes, is currently struggling. It was only in May that it was announced that the start-up would have to lay off large numbers of administrative staff. On that occasion, founder Kagan Sümer announced that he wanted to take further steps "to get on the road to profitability".

According to media reports, the founder also toyed with the idea of selling his start-up. Gorillas had apparently spoken to experts from the US bank J.P. Morgan. According to Business Insider, however, this collaboration has ended. Sümer sounded much more optimistic back in February. Back then, he announced that he wanted to raise 700 million euros in order to become profitable.