Gorillas Technologies GmbH plans to raise more than half a billion dollars of new financing this year, as the rapid grocery delivery startup tries to scale in a fiercely competitive sector.
Chief Executive Officer Kagan Sumer said he planned “to raise $700 million or more” and take Gorillas into being a profitable business.
“Last year, we not only built Gorillas into the clear pan-European leader, but also demonstrated a clear path to profitability across our markets,” he added in a statement on Friday.
Source: Bloomberg