PICNIC Valuation, Funding & Investors

PICNIC is valued at $1.5B as of July 2021.

Last PICNIC valuation

$1.5B

Series A · Jul 2021

Last PICNIC funding round

$4M

Series A · Jul 2021

Cumulative funding PICNIC raised

$4M

across 1 funding round

PICNIC Overview

About PICNIC

Amsterdam-launched in 2006, PICNIC acts as a European incubator and accelerator fostering cross-industry collaborations on technology applications for business, social, and environmental challenges through events and informal networking.


Founded

2006

HQ

NetherlandsAmsterdam

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$1.5B (Jul 2021)

PICNIC Valuation

PICNIC is currently valued at $1.5B, based on its Series A in July 2021.

PICNIC valuation by funding round

PICNIC valuation by funding round
DateStageValuation
Jul 2021Series A$1.5B

PICNIC Funding History

PICNIC has raised a total of $4M across 1 funding round.

PICNIC funding rounds

PICNIC funding rounds
DateStageRaisedValuationDeal Summary
Jul 2021Series A$4M$1.5BPicnic is an online grocery delivery startup based in Amsterdam, Netherlands, founded in 2015, that uses AI for logistics optimization. The company has over 2000 employees and operates in the e-commerce category. In a Series funding round, Picnic raised $383M led by Bill Gates with participation from HPE Growth, achieving a $1.5B valuation. Funds were allocated to accelerate product development, expand the team, and scale operations globally.

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PICNIC Competitors

PICNIC competitors include listed companies like Pursuit, PVR INOX, Engineers India and Everforth, and private ones like Mu Sigma and Opry.

Public and private companies comparable to PICNIC
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PursuitUnited StatesUnited StatesPublicly listed$452M$110M$1.5B3.7x
Mu SigmaIndiaBangalorePrivate$200M-$1.5B7.5x
PVR INOXIndiaIndiaPublicly listed$694M$226M$1.5B2.8x
Engineers IndiaIndiaIndiaPublicly listed$413M$88M$1.5B2.7x
EverforthUnited StatesUnited StatesPublicly listed$4B$344M$1.6B0.4x
OpryUnited StatesNashville, TNPrivate--$1.4B-

PICNIC Public Comps

PICNIC is still privately-owned, but its public comps include Pursuit, PVR INOX, Engineers India, Everforth, Ipsos, MLP, SMS, ICF International, Charles River Associates and Andersen Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Pursuit$452M$110M3.9x3.7x16.2x13.6x
PVR INOX$694M$226M3.0x2.8x9.3x8.6x
Engineers India$413M$88M2.8x2.7x13.0x19.1x
Everforth$4B$344M0.4x0.4x4.6x4.0x
Ipsos$2.8B$416M0.7x0.7x4.8x4.5x
MLP$1.2B$132M4.0x3.8x36.5x28.9x
SMS$411M($62M)3.2x3.0x(21.1x)19.3x
ICF International$1.9B$201M1.2x1.2x11.3x10.7x

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Common questions about PICNIC

When was PICNIC founded?PICNIC was founded in 2006.
Where is PICNIC headquartered?PICNIC is headquartered in Amsterdam, Netherlands.
Is PICNIC publicly listed?No, PICNIC is a private company.
What is PICNIC's valuation?PICNIC was last valued at $1.5B in its Series A in July 2021.
How much funding has PICNIC raised?PICNIC has raised $4M across 1 funding round.
What was PICNIC's last funding round?PICNIC's last funding round was a $4M Series A in July 2021.
Which companies are comparable to PICNIC?Companies comparable to PICNIC include Pursuit, Mu Sigma, PVR INOX, Engineers India, Everforth and Opry.

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