Supermercato24 bags major funding for next phase of growth

Italian startup Supermercato24 has raised €11 million as it looks to expand in Europe.

The venture has developed an online same-day grocery delivery service, similar to Instacart in the US. DIP Capital led the round, alongside current investors such as FII Tech Growth, 360 Capital Partners and Innogest.

“We have just launched our service in Poland and we aim to expand across Europe, while also launching new tools to serve our partner retailers and brands. The EU e-grocery market is in a key phase of growth and we want to lead the way by leveraging our technology and innovative business model,” says Federico Sargenti, CEO at Supermercato24.

Riccardo Cirillo, Founding and Managing Partner, DIP Capital, comments: “We believe that today Supermercato24 is in a strong position to scale significantly across the continent. We are delighted to add an international angle, while joining such an outstanding shareholders’ base, to support the next phase of growth.” 

In 2018, Supermercato24 raised €13 million in a Series B funding round led by FII Tech Growth. Further details here.

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