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New Deal


Announced

Completed

DoorDash led a $750m Series B funding round in Flink.

Financials

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Transaction Value£566m
Consideration TypeCash
Capital Owned-
Capital Bid For26%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Venture Capital

Private

Cross Border

Minority

Friendly

Mobility

grocery delivery

Germany

Completed

Private Equity

Synopsis

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DoorDash, an American on-demand prepared food delivery service, led a $750m Series B funding round in Flink, a startup that sells food and other essentials at supermarket prices and aims to deliver them in less than 10 minutes. Additional investors include Mubadala Capital, REWE, Prosus, Bond, Target Global, Northzone, Cherry Ventures and TriplePoint Capital. “I think what we bring and why could we win market leadership in such a short amount of time is because we are obsessed about how we do things… and we bring some experience to the table. We made so many mistakes elsewhere, and we hope we’ve learned from those,” Oliver Merkel, Flink CEO and Co-Founder.

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