Flink Raises Funds at Higher Valuation Following Delivery Slump

Flink SE raised funds in a round that values the firm at $900 million, in a sign that the grocery delivery startup has stabilized after a plunge in its valuation from a pandemic-era peak.

The Prosus NV-led $100 million round included existing investors and new investor Btomorrow Ventures, the venture wing of British American Tobacco Plc, Flink said in a statement Tuesday. Its valuation has increased to $900 million, a person familiar said, asking to not be identified since the matter is not public.