“It really depends on what state the markets are going to be in and the conditions we’ll be in. It depends on how we start Germany, Italy and other bigger countries,” Uber said in a big interview with E15 Osobnosti magazine in July.
To date, Rohlík.cz operates in three European markets: the Czech Republic, Hungary and Austria. In July, Friends & Family will launch for a narrower circle of customers and food sales in Munich, Germany. In November, it will open a branch in Frankfurt. Next year, it should expand to Milan, Italy, or Madrid, Spain.
Potential admission to the exchange will depend on the success of foreign expansion. “Once the big markets kick in, we will see the time to enter the exchange,” Uber said.
Rohlík’s founder has not yet considered selling his stake. He wants to keep a big “really long” portion. “But I will not take him to the grave. So, for example, at the end of my life I will want to make some basic decisions,” plans Čupr.
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At the end of June, Rohlic received another 100 million euros from investors. The company is now valued at $1.2 billion and could be among the so-called unicorns.
The US-UK Index Ventures Fund, which participated in the previous investment round in March this year, was the main contributor to the new funding. Other Rohlík owners also took part in it. These include French Quadrille Capital, local J&T Banka, Czech investment firm Enern, or the so-called R2G family office. He manages the funds of Avast antivirus founders, Eduard Kučera and Pavel Baudiš, or Oldřich Šlemr, the former co-owner of the Czech rubber company.
Already in the spring, the online retailer received 190 million euros from investors. The company said that financial resources will help it expand faster in existing markets, and it plans to enter Germany, but it will also continue to invest in technology and service improvement.
Rohlík’s online store is part of the Velká pecka company, in which businessman Tomáš upr owns the largest stake. The group was founded in 2014, and last year its turnover exceeded 300 million euros. The year before, he earned “only” 4.2 billion crowns. The online store currently has 750,000 customers in three European markets.
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