Amazon and Gopuff have expressed interest in acquiring German grocery delivery startup Flink. Gopuff, a Softbank-backed delivery app, had an offer rejected by Flink. While Amazon has held discussions, it's unknown if the tech giant has made a bid.
- Flink – which only launched in December – raised $240M last week. It operates in 24 cities across Germany, France, and the Netherlands.
- GoPuff raised $1.15B in March at an $8.9B valuation. Last month, it acquired U.K.-based delivery platform Fancy.
- Talks of an acquisition come as delivery apps target the German market. Amazon operates its grocery delivery business in the country, and in the past year, competitors such as Uber and Delivery Hero have expanded operations.
- DoorDash has also explored entering the European market.
- Delivery companies have recently raised billions of dollars despite skepticism over the sustainably of the market due to the large investment required to grow.