Prosus Led Investment Supports Flink’s Targeted Expansion Across Core European Markets

Prosus Led Investment Supports Flink’s Targeted Expansion Across Core European Markets

(IN BRIEF) Flink has secured around US$100 million in new funding led by Prosus, with Btomorrow Ventures joining as a new investor. The capital will support targeted expansion and operational investments in Germany and the Netherlands following industry consolidation in the European online grocery market. The company has confirmed it has achieved EBITDA profitability after refining its operating model and focusing on unit economics and cost discipline. Flink plans selective hub expansion in Germany from 2026, concentrating on profitable, high-density regions. With online grocery penetration still relatively low in its core markets, the company sees significant long-term growth potential.

(PRESS RELEASE) AMSTERDAM, 3-Mar-2026 — /EuropaWire/ — Flink has raised approximately US$100 million in new growth capital to support its next phase of expansion in Germany and the Netherlands. The financing round was led by Prosus alongside other existing shareholders, with Btomorrow Ventures, the corporate venture arm of BAT, joining as a new investor.

The fresh capital reinforces Flink’s balance sheet after a period of consolidation in the European online grocery sector and provides the company with additional flexibility to pursue targeted investments in its core markets. Germany and the Netherlands are viewed as offering substantial upside as online grocery penetration continues to develop.

Over the past two years, Flink has sharpened its operational focus, prioritizing unit economics, cost discipline and execution excellence. As a result of these measures, the company has confirmed that it is now EBITDA-profitable, marking a significant milestone in a sector that has undergone rapid structural change.

Chief Executive Officer Julian Dames stated that the quick commerce market has matured and now rewards companies that combine operational rigor with realistic customer value propositions. He emphasized that Flink’s ability to offer genuine on-demand delivery while maintaining profitability differentiates it within the market. He also welcomed Btomorrow Ventures as a new investor, noting that the support of both new and existing shareholders reinforces Flink’s leadership position in its home markets.

Looking ahead, Flink plans a selective expansion strategy in Germany beginning in 2026. New hubs will be opened only in regions that meet clearly defined criteria for profitability and customer density. The company’s model is built around frequent top-up grocery purchases, reflecting everyday shopping behavior. With an average basket size exceeding €45 and typical delivery times of around 30 minutes, Flink aims to combine convenience with sustainable economics.

The company sees strong structural growth potential in both Germany and the Netherlands. Online grocery penetration currently stands at approximately 3.5 percent in Germany and 6.0 percent in the Netherlands, compared with roughly 14 percent in the United Kingdom. Even modest increases in online adoption represent significant incremental market value.

About Flink

Flink is a Berlin-based on-demand grocery delivery company founded in 2021. The company operates a dense network of local hubs in Germany and the Netherlands, reaching more than 22.5 million people in its core markets and delivering everyday groceries and essentials directly to customers via its app.

Flink’s operations comprise around 160 hubs across Germany and the Netherlands, offering customers access to a curated assortment of around 3,000 products typically stocked per hub. Flink employs a workforce of more than 10,000 across operations, logistics and technology to support its service and infrastructure. The company has attracted financing from a broad investor base, including strategic partners such as REWE and global backers like Prosus. Flink’s CEO is Julian Dames, who leads the company’s operational and expansion efforts.

About Prosus

Prosus is the power behind the world’s leading lifestyle ecommerce brands, across Europe, India, and Latin America, unlocking an AI-first world for our 2 billion customers.

The Prosus technology ecosystem spans food delivery, payments, classifieds, travel, events, and mobility. Our integrated approach enhances user engagement and creates the foundation for unprecedented AI capabilities through proprietary data and cross-service intelligence.

Through Prosus Ventures, we invest in companies which inspire and support the Prosus ecosystem. We search for new opportunities at the leading edge of AI and ecommerce, the digital AI workforce and in frontier technologies, such as robotics, drones and synbio.

The team actively backs exceptional entrepreneurs who are using technology to improve people’s everyday lives.

To find out more, please visit www.prosus.com.

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SOURCE: PROSUS