Amazon and Gopuff look to buy Flink
Amazon and US delivery company Gopuff, which is backed by SoftBank, are both considering buying German company Flink, sources told Bloomberg. Flink has already rejected an offer from Gopuff.
The status of competing buyout offers from Amazon and Gopuff is unclear, but delivery apps are increasingly looking to buy from potential competitors in Europe.
Flink, a grocery delivery startup, raised $ 240 million earlier this month. The backers included Prosus, investment firm Bond and Mubadala Capital. Berlin-based Flink, launched just six months ago, has partnered with supermarket chain Rewe Group.
“The growth in orders we have seen over the past few weeks has been explosive,” said co-founder Oliver Merkel. Flink said they already have over 50 local hubs and are opening a new hub every two days. The delivery company also noted that it reaches over three million customers every day. Flink, which means “fast” in German, delivers groceries to Germany, France and the Netherlands.
Meanwhile, Gopuff has big ambitions for expansion. Last month, the company announced the acquisition of the UK-based Fancy on-demand delivery platform. The value of the deal was not disclosed. In a press release, the company noted that the deal marked its first foray into international markets. Daniel Folkman, senior vice president of business at Gopuff, said his company also plans to expand on the continent. “At Gopuff, we have consistently focused on responsible growth, strategically establishing the physical infrastructure and footprint necessary to bring Instant Needs to new geographies and new customers,” said Folkman.
Fancy is committed to delivering products in 30 minutes or less using ‘micro-fulfillment centers’ in six cities across the UK. orders. Fancy and Gopuff share similar delivery models as Gopuff calls itself the go-to platform for immediate everyday consumer needs.