Flink: The latest figures, news and market research on Flink

Turnover: 400 million EUR (2022)

Country: Germany

The German start-up offers very fast deliveries thanks to salaried delivery staff.
Carrefour acquired a stake in Cajoo in 2021, which has since been acquired by FlinK, in which Carrefour has become a shareholder
The company has raised €200 million to open some 50 Darkstores in France

Flink, the phoenix of moribund quick commerce, raises $115 million 18/09/2024

- Flink has raised a further $115 million, announced on September 16, 2024.
- The company has also contracted $35 million in debt with several banks.
- This transaction would value Flink at just under one billion dollars.
- Flink had reached a valuation of $5 billion in May 2022, following the acquisition of its competitor Cajoo.
- In a previous financing round, which closed in April 2024, Flink raised $106 million.
- Flink expects to achieve sales of $600 million in 2024, up 20% year-on-year.
- The company is aiming for overall profitability by the second quarter of 2025.
- Flink reports an average order size of $40.
- The company has 146 dark stores in 80 cities in Germany and the Netherlands.
- Flink has announced the opening of 30 new warehouses by the end of 2025.

Liquidation of the Flink platform in France 19/04/2024

Number of Flink employees in France: 218
- Regulatory context in March 2023: Dark stores considered warehouses rather than shops, regulated by town halls
- Withdrawal from the French market by Getir: Covering the Getir, Frichti and Gorillas brands
- Consequences of regulation for Getir and Gorillas: Liquidation, leaving 1300 employees out of a job
- Frichti taken over: by competitor La Belle Vie
- Flink sales in France: 37.5 million euros

Flink France grocery deliverer saved from liquidation. 12/09/2023

Yassir, an Algerian start-up, contributed 5 million euros to the investment for the takeover of Flink France.
Of Flink France's 19 sites in France, 14 will be retained in nine cities (Paris, Lyon, Lille, Marseille, Montpellier, Nice, Bordeaux, Toulouse and Nantes).
Flink had previously raised almost a billion dollars, while Cajoo raised $47.2 million and Getir, another Turkish quick commerce company, raised $1.8 billion.
In September 2022, the government declared that "dark stores", used by these companies for storage, were warehouses and not shops, paving the way for regulation by town halls.

Quick commerce: Flink placed in receivership in France 08/06/2023

The German parent company aims to achieve sales of 400 million euros by 2022.
Flink has been present in France for two years.
Getir, Flink's Turkish competitor, becomes the only quick commerce player in France.
Flink acquired Cajoo in May 2022. Flink operates 19 "dark stores" in 9 French cities.

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