Gorillas eyes Frichti grocery delivery acquisition
German on-demand delivery venture Gorillas is in exclusive talks to acquire French startup Frichti.
Financial terms of the deal have not been disclosed.
Founded in 2015, Frichti delivers groceries, private label products and ready to eat meals to over 450 000 customers in eight cities in France and Belgium.
After opening 22 stores in five cities in France in less than a year, Gorillas says that the acquisition will enable it to broaden its local footprint and density.
Kagan Sümer, Founder and CEO, Gorillas:, says: “Frichti is an inspirational brand with incredible talents and values. What Julia, Quentin and the Frichti team have created in France is exceptional.”
“They are not only one of the first ones to have discovered the immense potential of quick commerce, but also one of the first movers into private label and ready to eat segments.”
“We are super energised from our discussions and alignment on what we want to build together. It’s thrilling that we are committed to provide consumers immediate access to their essential needs.”
Julia Bijaoui, Co-founder and co-CEO, Frichti, comments: “With Gorillas we have found the perfect partner to take the next step of global expansion.”
“We both share common values, culture, and most importantly, we have a similar vision for the consumer. I could not think of a better fit, and I am excited for our path ahead as one joint company.”
