Flink (company)

Source: Wikipedia, the free encyclopedia.
Flink SE
Company type Societas Europaea (SE)
Founded2020
Headquarters
Berlin
,
Germany
Key people
  • Christoph Cordes
  • Oliver Merkel
  • Julian Dames
  • Saad Saeed
  • Nikolas Bullwinkel
Number of employees
12,000 (2021)
Websitegoflink.com

Flink SE is a German on-demand delivery service that delivers everyday items directly to consumers from called "dark stores", hyper-local grocery warehouses not accessible to the public. Flink promises to deliver groceries "in 10 minutes".[1] Deliveries are made by Flink's employees on e-bikes, provided by the company.[2]

Flink is the largest third-party delivery service in Europe, having surpassed Gorillas in 2021. The company said in 2021 that it delivered to up to 10 million customers at over 140 locations in more than 60 cities in Europe.[3]

History

Flink was founded at the end of 2020 in

REWE. By the end of 2021, Flink was valued at US$2.1 billion.[5]

In 2022, the smaller French competitor Cajoo, number two in France with six million customers in Paris and the eight next largest cities, was taken over. Flink claimed to have become the market leader in the country. As part of the takeover, the Carrefour trading group, which had a stake in Cajoo, became a shareholder in Flink and an exclusive partner in the French market. Flink took over employees and all of Cajoo's warehouses, which are of crucial importance to the company due to their central location, for around 100 million euros.[6]

In april 2024, the french subsidiary goes to bankrupty.[7]

References

  1. ^ "Groceries delivered in 10 minutes | Flink". 2022-04-15. Archived from the original on 2022-04-15. Retrieved 2022-04-15.
  2. ^ "Lieferdienst Flink startet in Wiesbaden". www.fr.de (in German). 8 April 2021. Retrieved 2022-04-15.
  3. ISSN 1865-2263
    . Retrieved 2022-04-15.
  4. ^ "Flink". Northzone. Retrieved 2023-11-21.
  5. ^ Räth, Georg (2021-09-23). "2-Milliarden-Bewertung: Doordash hat in Flink investiert". Business Insider (in German). Retrieved 2022-04-15.
  6. ^ "Handelsblatt". www.handelsblatt.com. Retrieved 2024-02-08.
  7. ^ "La plateforme de livraison de courses à domicile Flink va être liquidée en France". Le Figaro (in French). 18 April 2024. Retrieved 2024-04-19.
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