Thursday 28 October 2021

Online supermarket Picnic raises €600m to fund European expansion

Photo: Picnic

Dutch online supermarket Picnic has raised €600m from a variety of investors, including the Bill & Melinda Gates Foundation, to finance its international expansion.

Picnic was founded in 2015 and currently delivers groceries in 125 cities in the Netherlands and Germany. The new investment will be used to expand its capacity in Europe, primarily Germany and France, the company said.

‘Investment in robotised fulfilment centres, electric wagons and a team of world class software developers are necessary for long-term growth,’ the company said. The money will also be used for technological development.

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.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.