Flink Revenue, Valuation, Funding & Investors
Flink is valued at $900M as of March 2026.
Last Flink valuation
$900M
Undisclosed stage · Mar 2026
Last Flink funding round
$100M
Undisclosed stage · Mar 2026
Flink revenue
$500M
Strategic investment · May 2022
Key investors in Flink
Northzone
Cherry Ventures
Mubadala
Bond
Rewe Group
Target Global
About Flink
Flink is a Berlin-headquartered online grocery platform founded in 2020 that delivers multi-category products including fresh herbs, fruits, bread, essentials, and home supplies within ten minutes. The application emphasizes convenience items to reduce transit costs and time, operating rapid delivery services across urban areas in Germany and expanding into other European markets.
Founded
2020
HQ
BerlinWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$500M (May 2022)
Valuation
$900M (Mar 2026)
Flink Valuation
Flink is currently valued at $900M, based on its undisclosed-stage round in March 2026.
The $100M round was led by Prosus Ventures, with participation from Btomorrow Ventures.
Flink's valuation has grown 26x from $35M at its pre-seed round in March 2021 to $900M in March 2026, across 7 priced rounds.
Flink valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2026 | Undisclosed stage | $900M | - |
| Sep 2024 | Undisclosed stage | $1B | - |
| May 2023 | Undisclosed stage | $1B | - |
| May 2022 | Strategic investment | $5.2B | 10.3x |
| Dec 2021 | Series B | $2.9B | - |
| Mar 2021 | Seed | $35M | - |
| Mar 2021 | Pre-seed | $35M | - |
Flink Revenue
Flink's latest recorded revenue is $500M, as of its strategic investment round in May 2022. At a $5.2B valuation, that implies a 10.3x revenue multiple.
Flink revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2022 | $500M | $5.2B | 10.3x | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Flink Funding History
Flink has raised a total of $1.5B across 8 funding rounds.
Flink's first fundraising round was a $12M pre-seed round in March 2021. The most recent completed round was a $100M undisclosed-stage round in March 2026.
Flink funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Undisclosed stage | Prosus Ventures (lead); Btomorrow Ventures | $100M | $900M | - |
| Sep 2024 | Undisclosed stage | Rewe Group; Mubadala; Northzone; Bond | $115M | $1B | Flink is a Berlin-based quick-commerce startup specializing in speedy grocery delivery, operating in Germany and the Netherlands with 146 hubs across 80 cities and 8,900 employees as of September 2024. On September 16, 2024, it raised $150M total ($115M equity + $35M debt) from investors including BOND, Mubadala, Northzone, REWE Group, and two unnamed others, at a valuation just under $1 billion. This follows prior peaks of nearly $3B in late 2021 and close to $5B in early 2022, with total funding exceeding $1.5B before this round. Funds will support footprint expansion, operational efficiency, and opening 30 more locations in the next year, amid a preferred partnership with Just Eat Takeaway and existing ties with REWE. Flink projects gross revenue of $600 million in 2024 across its two markets, a 20% increase from 2023, with average basket size at $40. It has achieved EBITDA break-even in both countries and targets overall profitability by Q2 2025. Earlier filings showed losses of €515M in 2022 and €213M in 2023, but the company now reports EBITDA-level profitability. Operating in a post-pandemic quick-commerce sector that saw heavy investment ($5.5B in Europe in 2021) followed by consolidation—e.g., Gorillas acquired by Getir, which exited Europe and was bought by Uber—Flink positions itself as Europe's last standing major player with a focus on operational discipline. This round signals renewed confidence despite prior downturns. |
| May 2023 | Undisclosed stage | Rewe Group; DoorDash | $160M | $1B | Flink, a Berlin-based quick commerce startup specializing in rapid grocery delivery, secured €150 million in funding on May 24, 2023, from existing investors including Rewe Group (€50 million) and DoorDash (€30 million), with negotiations ongoing for additional investors to support its push toward profitability. This round, described as potentially a Series C or venture round, marked a significant downround from prior highs, with the company's valuation dropping to $1 billion from a previous peak of $3 billion. The investment came amid discontinued takeover talks with competitor Getir and interest from Mubadala in potential mergers, positioning Flink as one of the last major independent players in Europe's quick commerce space. Flink operates in Germany and the Netherlands, focusing on operational efficiency in a sector hit hard by post-pandemic shifts and reduced VC funding. Earlier rounds included a $750 million Series B in December 2021 led by DoorDash at higher valuations nearing $3 billion, and subsequent talks in April 2023 for $100 million at around $1-1.5 billion. The May 2023 funding aimed to sustain operations against rivals like Getir, which later exited Europe. Later in September 2024, Flink raised another $150 million (equity and debt) at just under $1 billion valuation from investors including REWE, BOND, Mubadala, and Northzone, projecting $600 million gross revenue for 2024 (up 20% from 2023) and EBITDA breakeven in its markets, with plans for expansion to 30 more hubs. |
| May 2022 | Strategic investment | Carrefour (lead) | $70M | $5.2B | Flink, a German instant grocery delivery startup founded in 2021, acquired French rival Cajoo for €90-100 million and secured an equity investment of €60-70 million from Carrefour on May 16, 2022, valuing the company at $5 billion post-money. This marked a significant increase from its prior $2.85 billion valuation in a $750 million round led by DoorDash in December 2021. The Carrefour deal positioned Flink for market consolidation, leveraging synergies with strategic backers like supermarket chain REWE, which supported its sourcing and operations. At the time, Flink reported an ARR of $500 million with double-digit week-on-week revenue growth, operating in Germany and the Netherlands amid a cooling quick commerce sector post-Covid. The investment highlighted pockets of sustained investor interest despite broader market challenges, as Flink proved operational traction. Carrefour's chief e-commerce officer Elodie Perthuisot emphasized the partnership's role in enhancing home delivery and e-commerce ambitions across Europe. Flink's expansion focused on realistic customer expectations and operational discipline, distinguishing it from peers like Gorillas, which faced acquisitions and market exits. Later rounds, such as a $100 million raise at $900 million valuation from Prosus Ventures and Btomorrow Ventures, supported further growth in existing markets, bringing total funding to $1.4 billion. The company later achieved EBITDA profitability after losses of €515 million in 2022 and €213 million in 2023. |
| Dec 2021 | Series B | DoorDash (lead); Rewe Group; Prosus; Target Global; TriplePoint Capital; XAnge; Mubadala; Cherry Ventures; Northzone; Bond | $750M | $2.9B | Flink is a Berlin-based instant grocery delivery startup offering food and essentials at supermarket prices with 10-minute delivery times. In December 2021, it raised $750 million in a Series B round led by DoorDash at a $2.85 billion post-money valuation (pre-money $2.1 billion), with participation from Mubadala Capital, REWE Group, Prosus, Bond, Target Global, Northzone, Cherry Ventures, TriplePoint Capital, and XAnge. The round closed with DoorDash's investment in September 2021 and the rest completed later, amid high market hype for quick commerce. Flink had demonstrated strong customer retention with multiple weekly orders per customer, impressing investors. At the time, it operated in key European markets including Germany, France, Austria, and the Netherlands, serving about 10 million customers with around 2,500 products. Funds were intended for global expansion and potential M&A. This followed prior raises including a $240 million round in June 2021 led by Bond, Mubadala, and Prosus. |
| Jun 2021 | Series A | Bond (lead); Mubadala (lead); Prosus (lead); Flixfounders | $240M | - | Flink is a Berlin-based rapid grocery delivery startup founded in late 2020, promising 10-minute deliveries from local fulfillment centers. It operates in multiple European cities including Germany, the Netherlands, and France, partnering with Rewe Group for exclusive grocery supply. The company raised $240 million in an all-equity Series A round in June 2021, co-led by Prosus, BOND, and Mubadala Capital, following a prior $52 million round in March 2021 from Target Global and others, bringing total funding to over $250 million by mid-2021. This funding supported expansion into new markets like Amsterdam and Paris, with services available in 19 German locations at the time. Flink positioned itself in the competitive quick commerce sector amid a boom in speedy grocery delivery during the pandemic, targeting the undigitized German grocery market with only 3% online penetration. Investors highlighted the team's execution and potential to disrupt traditional retail through hyper-local, instant delivery. Later rounds included a $100M raise at $900M valuation and a strategic investment valuing it at $2.1B or $2.85B post-money, but these occurred after 2021. |
| Mar 2021 | Seed | Target Global (lead); Cristina Stenbeck; TriplePoint Capital; Oskar Hartmann; Cherry Ventures; Northzone | $12M | $35M | Flink, a Berlin-based quick grocery delivery startup, raised $52 million in a seed round in March 2021 led by Target Global, with participation from Cherry Ventures and Northzone. The company focuses on 10-minute deliveries of locally sourced groceries using electric bikes from urban hubs. This round followed an initial $12 million raise earlier in March 2021 also involving Cherry Ventures and Northzone, aimed at expanding market presence and technology infrastructure. |
| Mar 2021 | Pre-seed | Cherry Ventures (lead); Northzone (lead) | $12M | $35M | Flink is a Berlin-based quick commerce company founded in 2021 that delivers groceries to customers in approximately 10 minutes. The company raised a pre-seed round of $12 million in March 2021 led by Cherry Ventures and Northzone to support early market expansion and technology development. Flink went on to raise significantly more capital across multiple subsequent funding rounds, accumulating over $1.4 billion in total funding by 2024 and achieving a valuation near $900 million in recent years. The company operates in Germany, Austria, France, and the Netherlands, and has achieved profitability at the EBITDA level as of recent reporting. |
Who has invested in Flink?
16 investors have backed Flink across its funding rounds, including Northzone, Cherry Ventures, Mubadala, Bond, Rewe Group and Target Global.
Lead investors include Prosus Ventures, Carrefour, DoorDash, Bond, Mubadala and 4 other investors.
Flink Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 London | 4 | Lead | Mar 2021 | |
| Germany | 3 | Participant | Dec 2021 | |
 Abu Dhabi | 3 | Lead | Jun 2021 | |
| Berlin | 3 | Lead | Mar 2021 | |
 San Francisco, CA | 3 | Lead | Jun 2021 | |
 Amsterdam | 2 | Lead | Jun 2021 | |
| London | 2 | Lead | Mar 2021 | |
| San Francisco, CA | 2 | Participant | Mar 2021 | |
| San Francisco, CA | 2 | Lead | Dec 2021 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Flixfounders | Munich | 1 | Participant | Jun 2021 |
 Boulogne-Billancourt | 1 | Lead | May 2022 | |
| London | 1 | Participant | Mar 2026 | |
| Cristina Stenbeck |  Stockholm | 1 | Participant | Mar 2021 |
This data is available for Pro users. Sign up to see all 16 Flink investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Flink
Flink has acquired 1 company to date.
Last acquisition by Flink was on May 16th 2022. Flink acquired Cajoo for $104M.
Latest Acquisitions by Flink
| Description | Cajoo is a rapid grocery delivery service operating dark stores stocked with everyday essentials in major European cities. Launched in Paris, France, in 2021, it promises deliveries within 15 minutes using a network of urban warehouses and dedicated riders. The platform serves France, Spain, and Portugal, handling inventory for fresh produce, household goods, and pantry staples to simplify urban shopping. |
| HQ Country | |
| HQ City | Paris |
| Deal Date | 16 May 2022 |
| Valuation | $104M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Flink acquisitions and their M&A valuation multiples. Start Free Trial | |
Flink Competitors
Flink competitors include listed companies like Goto Gojek Tokopedia and Dingdong (Cayman), and private ones like Dunzo, Movile, Daki and Jane Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Bangalore | Private | $24M | - | $775M | 32.3x | |
 São Paulo | Private | - | - | $1B | - | |
| São Paulo | Private | $4M | - | $800M | 200.0x | |
| Santa Cruz, CA | Private | - | - | $592M | - | |
 Indonesia | Publicly listed | $1B | ($16M) | $3B | 1.7x | |
 China | Publicly listed | $3.6B | $34M | $485M | 0.1x |
Flink Public Comps
Flink is still privately-owned, but its public comps include Trainline, Web Travel Group, UT Group, ATRenew, Timee, Nextdoor, Yalla Group, Bengo4.com, EverQuote and Grupa Pracuj.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $608M | $221M | 1.9x | 1.9x | 5.3x | 4.8x | |||
| $280M | $86M | 2.7x | 2.6x | 8.8x | 7.0x | |||
| $1.1B | $82M | 0.7x | 0.7x | 9.4x | 9.2x | |||
| $3.1B | $84M | 0.2x | 0.2x | 8.2x | 6.6x | |||
| $132M | $23M | 6.3x | 2.8x | 36.0x | 13.5x | |||
| $258M | ($69M) | 2.4x | 2.2x | (8.8x) | 27.8x | |||
| $342M | $128M | - | - | - | - | |||
| $105M | $19M | 7.7x | 6.9x | 43.8x | 33.0x | |||
This data is available for Pro users. Sign up to see all Flink competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Flink
| When was Flink founded? | Flink was founded in 2020. |
| Where is Flink headquartered? | Flink is headquartered in Berlin, Germany. |
| Is Flink publicly listed? | No, Flink is a private, VC-backed company. |
| What is Flink's valuation? | Flink was last valued at $900M in its undisclosed-stage round in March 2026. |
| How much funding has Flink raised? | Flink has raised $1.5B across 8 funding rounds. |
| What was Flink's last funding round? | Flink's last funding round was a $100M undisclosed-stage round in March 2026, led by Prosus Ventures. |
| Who are Flink's investors? | Flink's investors include Northzone, Rewe Group, Mubadala, Cherry Ventures, Bond, Prosus, Target Global, TriplePoint Capital, DoorDash, Flixfounders and 6 others. |
| What is Flink's revenue? | Flink's latest recorded revenue is $500M (May 2022). |
| What is Flink's revenue multiple? | Flink's latest valuation implies a 10.3x revenue multiple ($5.2B valuation on $500M of revenue). |
| Which companies are comparable to Flink? | Companies comparable to Flink include Dunzo, Movile, Daki, Jane Technologies, Goto Gojek Tokopedia and Dingdong (Cayman). |
| How many companies has Flink acquired? | Flink has acquired 1 company, including Cajoo. |
| What was the largest acquisition by Flink? | The $104M acquisition of Cajoo in May 2022 is the largest acquisition Flink has made to date. |
See companies similar to Flink
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.