The trend of online grocery shopping helped to create a first-ever Czech unicorn start-up

Published: 26.07.2021 Related countries:  United Kingdom United Kingdom

The Czech online supermarket Rohlík exceeded the 1 billion dollar valuation and became the first start-up in the country to join the prestigious global unicorn club.

Despite the wealth of talent in engineering and technology in the Czech Republic, up until now, there were no start-up companies with a market valuation of over 1 billion dollars. This is mainly due to the relatively small home market. This milestone has now finally been achieved by Rohlík, an online supermarket, that was in a good position to fully capitalise on the increased demand for online shopping experience during the global pandemic.

Rohlík continues in its fast-paced onboarding of investors and it currently expands its operation in many European countries. The company is run by a 38 years old serial entrepreneur Tomáš Čupr with experience from other highly successful ventures in the online sector. The online service apart from its home market currently operates in Hungary and Austria and Čupr is gearing up to open its first operation in neighbouring Germany before moving on to conquer the rest of Europe.

Source: CzechCrunch