Skip to content

Grocery App Flink Agrees Deal to Buy Carrefour-Backed Cajoo

  • Deal would see Carrefour become shareholder, partner of Flink
  • Deal highlights consolidation pressure in cash-burning sector
Updated on

German rapid delivery startup Flink SE has agreed on a deal to buy French competitor Cajoo, a move that would give it access to French grocery chain Carrefour SA and strengthen its position in the competitive market.

The acquisition will accelerate Flink’s expansion in France, giving it 30 micro-fulfillment centers in the country across nine cities to reach six million consumers, according to a statement Monday. As part of the deal, Carrefour, which has a minority stake in Cajoo, will become a direct shareholder and exclusive partner of Flink.