2024-01-10 07:33:12
The Dutch company Picnic, specializing in home delivery of food shopping, announced on Tuesday that it had raised 355 million euros, which will mainly be used to expand its activities in Germany and France. “All shareholders co-invested in the December 2023 funding round», Underlined Picnic in a press release, citing in particular the German distributor Edeka and the Bill & Melinda Gates foundation.
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40% increase in turnover
Picnic also reported a 40% increase in turnover, to “around 1.25 billion euros» in 2023 and «expects growth to continue in the coming years». «Picnic’s sustainable model, where groceries are delivered to your home for free with electric cars (…) are important reasons why investors are investing in the successful expansion of the online supermarket», Estimated the company.
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