Online supermarket company Picnic has received a €100m capital injection from four large investment funds, the Financieele Dagblad said on Tuesday.
Picnic offers free delivery and has ambitious expansion plans which will require a total of €300m in new investment. The company started up two years ago in Amersfoort. It is the brainchild of four young investors including serial start-up businessman Michiel Muller who earlier set up the unstaffed petrol stations chain Tango.
Picnic’s deliveries are made by ‘runners’ driving small electric delivery vans which have set routes in each area of a town it serves. Picnic eventually will have 2,000 such vans in service as it expands.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.