Less than a year old, the rapid grocery delivery service has secured $240m in a series A round co-led by Naspers-founded Prosus.

Prosus, the internet group formed by media and e-commerce conglomerate Naspers, co-led a $240m series A round for Germany-based grocery delivery service Flink today, Reuters reported.

The round was co-led with venture capital firm Bond and Abu Dhabi state-owned investment vehicle Mubadala Capital. A source told TechCrunch it valued the startup below $1bn.

Flink runs an online service where users can order a range of groceries for rapid delivery, operating out of a network of some 50 urban darkstores where…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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