Flink Raises $100M at $900M — Down From $5B Peak Valuation
German grocery delivery startup Flink secures fresh funding but at a fraction of its 2022 high-water mark.
Flink SE just closed a $100 million funding round led by Prosus, valuing the German quick grocery delivery startup at $900 million. That's a brutal haircut from the $5 billion valuation it reportedly commanded back in May 2022.
The math is stark: an 82% drop in valuation in roughly three years. Welcome to the post-hype reality of rapid grocery delivery.
Still, there's a silver lining. The fact that Flink secured fresh capital at all suggests the company has found some footing. The quick commerce space has been a graveyard for startups that burned cash chasing growth without a path to profitability. Flink apparently lived to fight another day.
Prosus leading the round is notable — the tech investment giant has deep pockets and a track record of backing delivery and e-commerce plays globally.