The valuation of Czech online grocer Rohlik Group has reached 1.85 billion euros ($1.95 billion), which is almost twice the figure observed three years ago.
The mentioned information was released by the media based on calculations from bond issue documents.
In recent years, the online grocer has expanded its activities in the countries of Central Europe. It is worth noting that the company rarely gives any comments about its valuation. At the same time, in March, the firm said that in mid-2022 it was valued at 1.3 billion euros.
After the funding round in 2021, the company became the so-called market unicorn, which indicates that its valuation has crossed the $1 billion mark.
Recently, Rohlik Group has been promoting the use of local suppliers and local products. The online grocer has also focused its efforts on expansion in Germany, where it has launched a partnership with Amazon.
Calculations on the company’s current value match an evaluation cited by Rohlik Group founder and chief executive officer Tomas Cupr in a podcast released last week.
It is worth noting that the firm offers bonds worth CZK 3 billion ($125.02 million) with a 6% coupon maturing in December 2029. In this case, the holders are entitled to an extraordinary yield of up to 27.5% if the company’s valuation exceeds the 3.5 billion euro mark.
Market capitalization for 2.5 billion euros to 3.5 billion euros at maturity provides a 25% extraordinary yield, while 20% is applied if the value is less than 2.5 billion euros.
