Consumer

Grocery App Flink Raises $106 Million, Explores Sale to Rivals

Flink has been in merger talks with Getir, Just Eat Takeaway
Grocery apps boomed in the pandemic but struggled with costs

A Flink SE cycle delivery courier during freezing temperatures in Berlin, Germany, on Monday, Jan. 8, 2024. The Arctic blast that caused havoc across the Nordic region last week has spread south to cover most of continental Europe.Photographer: Krisztian Bocsi/Bloomberg

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By Arno Schuetze and Shona Ghosh

April 17, 2024 at 10:45 AM EDT

This article is for subscribers only.

Investors in Flink SE have committed to pumping a further €100 million ($106 million) into the German grocery delivery startup, extending its runway as the sector struggles with rising costs and sluggish demand, people familiar with the matter said.

The company has also been in discussions with potential merger partners, said the people, who asked not to be identified as the talks are private.