Gorillas has raised $1 billion dollars in funding, the largest round in the European grocery delivery sector to date.
The news comes seven months after the company raised $290 million in its Series B funding in March 2021.
The funding round was led by online food delivery service, Delivery Hero and included further investments by the company’s existing stakeholders.
The new capital will allow the grocery delivery service to continue its investments across operations, technology and marketing.
Founded last year, Gorillas is undergoing a period of expansion, operating over 180 warehouses in nine international markets and delivering 4.5 million orders in the past six months.
On-demand grocery delivery is a highly competitive market and Gorillas are competing with the likes of Deliveroo Hop, Getir and Weezy.
“Gorillas has been setting new standards for the delivery industry by offering an efficient and sustainable alternative to traditional grocers,” Delivery Hero chief executive and co-founder Niklas Östberg said.
“We have been following their stellar growth over the past few months, and we are beyond excited to be now part of their journey.
“Both of our companies place a lot of value on creating a strong sense of community and we are convinced that our investment will positively impact employees, consumers as well as our industry.”
Gorillas chief executive officer and founder Kağan Sümer added: “The size of today’s funding round by an extraordinary investment consortium underscores the tremendous market potential that lies ahead of us,”
“With Delivery Hero, we have chosen a strong strategic support that is deeply rooted in the global delivery market and is renowned for having unique experience in sustainably scaling a German company internationally.
“We have the best team in our sector, leading partners, and financial resources to strengthen our market-leading position in Europe and beyond.”