Czech Unicorn Seeks to Dodge Food-Delivery Woes on Road to IPO
- Online supermarket Rohlik plans market listing in 3-5 years
- Rohlik CEO wants to build pan-European presence over long-term
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Czech online supermarket Rohlik Group AS is betting that its expansion around Europe will help push its valuation further above $1 billion as it looks beyond the distress spreading across the food-delivery industry.
Inflation and the end of pandemic restrictions are having little impact on the company, which targets more affluent clients, according to its founder and Chief Executive Officer Tomas Cupr. He expects Rohlik, which now delivers groceries and other products in seven countries, to turn profitable in two to three years and then seek a listing -- if market valuations become favorable.