Gorillas

Gorillas is a service founded in 2020 to deliver essential products from. Germany Users can issue a delivery order through the application for, smartphone there is a version for iOS both device users and. Android

History

2021

Investment attraction, estimated at $3.1 billion

In mid-October 2021, German food delivery company Delivery Hero invested $235 million in Gorillas and now owns 8% of the startup. As part of the $1 billion funding round, Tencent, Coatue, Yuri MilneradST Global and Dragoneer also invested in Gorillas.

Gorillas competitors include the Turkish company Getir, the British company Zapp and the German analogue Flink. After the last investment round, the startup's valuation amounted to $3.1 billion, which is significantly lower than the market value of $6 billion, which, according to CNBC, the company sought in 2021.

Yuri Milner Fund invested in the German express product delivery service, which is valued at $3.1 billion

Delivery Hero is one of Europe's largest online food delivery platforms, competing with startups such as Deliveroo and Just Eat Takeaway.com. The company has ambitions to succeed in the quick delivery of products, it has already opened several "darkstors," focused only on delivery, in different countries.

Delivery Hero aims to promote fast trade around the world, and we see Gorillas as one of the leaders in Europe and the USA, "said Niklas Estberg, CEO and founder of Delivery Hero. - The Gorillas team has an exceptional customer orientation, which provides the highest retention rate we have seen in the industry.

Gorillas also negotiated investments with a large U.S. food delivery company, DoorDash, but various reports suggest that the talks ultimately failed.

Gorillas says that by October 2021, their run-rate ratio (forecast for execution at current indicators) is $300 million, which means that the company expects to receive the same income on an annual basis. For a company that is only a little over a year old, this is a great achievement.^[1]

Raising $290 million in investments, including from DST Global

At the end of March 2021, the Berlin superfast delivery service for essential products Gorillas raised $290 million. The investment round was led by Coatue Management, Yuri MilneradST Global and Tencent with the participation of Fifth Wall, Greenoaks and existing investor Atlantic Food Labs.

In early December 2020, as part of the financing of Series A, Gorillas raised $14 million; in the first months of 2021, the company's value increased 10 times, exceeding the estimate of $1 billion, which allowed it to become the fastest company in Europe, which received unicorn status. As part of the latest round of funding, Gorillas management intends to distribute a bonus of $1 million among its couriers and employees involved in the execution of firmware.

DST Global Yuri Milner invested in Gorillas essential food delivery service from Berlin

In just over 10 months, Gorillas has expanded to more than 12 cities, including Amsterdam, London and Munich, and by April 2021 the company has more than 40 microcenters. It is expected that the funds raised will allow Gorillas to begin providing services in more than 10 new countries and in more than 50 cities. For example, Gorillas plans to enter the market of Paris, as well as the United States, in particular New York.

Gorilla users have access to more than 2,000 essential products at retail prices, they can order delivery of an order anywhere: home, friend or even to a public park. Delivery takes 10 minutes or less for a small fee (about $2).

By providing immediate access to fresh and healthy food at retail prices, we significantly simplify the process of buying products, "said Kagan Sümer, CEO and founder of Gorillas. - We focus exclusively on our customers and their needs: with a team of more than 2,000 people and in close cooperation with our community, our investors and our partners, we create the infrastructure for the fastest possible delivery of essential products at the "last mile."[2]

Notes