Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Flink picks up $750M for instant groceries
Berlin-based Flink, a startup offering grocery deliveries in 10 minutes, raised $750 million in a funding round led by DoorDash and joined by Mubadala Capital at a reported pre-money valuation of around $2.1 billion.
The funding comes as the instant grocery delivery space is heating up, with several other upstart players in the space, including Gorillas, JOKR and Zapp.
Flink operates in multiple European cities, with its largest footprint in Germany. Founded in 2020, the startup has now raised a total of $1.1 billion in funding, per Crunchbase data.
— Joanna Glasner
Shiprocket lands $185M
New Delhi-based Shiprocket, an e-commerce shipping platform, raised $185 million in a new round led by Zomato, Temasek and Lightrock India, according to a report in The Economic Times. Of the total funding, around $25 million was reportedly a secondary sale.
— Joanna Glasner
Funding round
Router Protocol snags $4.1M: Router Protocol, a developer of bridging infrastructure to allow broader data flow across various blockchains, announced it raised $4.1 million from several funds including Coinbase Ventures.
— Joanna Glasner
Illustration: Dom Guzman
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