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Delivery App Gorillas Plans Funding at $6 Billion Value

  • German startup seen likely to target more than $500 million
  • Disrupting convenience stores is latest craze in home delivery
   

Source: Getty Images

Gorillas Technologies GmbH, the German delivery app that promises grocery deliveries in ten minutes, is raising fresh funding at a valuation of more than $6 billion, weeks after closing its previous round, people familiar with the matter said.

The company is likely to target more than $500 million from investors, the people said, asking not to be identified because the plans aren’t public. The round is at an early stage and the final amount raised and valuation may still change, they said.