Flink to raise strategic funding from US-based Doordash.

Flink, a Berlin, Germany-based startup building a food delivery ecommerce operation, closed another round of equity financing.

The money was raised from a strategic investor, namely the American food delivery company DoorDash. Other existing shareholders also contributed to the round, in a deal said to value the company at $2.1 billion. Shortly after the announcement, DoorDash's competitor from Germany Delivery Hero announced leading an investment in Gorillas, Flink's competitor, in a $3 billion deal.

Later edit: The deal was announced at $750 million for a total of $2.85 billion valuation post money, with DoorDash contributing with 400 million for 15% of the shares, and the rest from investors including the Abu Dhabi sovereign wealth fund, Mubadala Capital-Ventures, Bond Capital, and Rewe.

Flink, founded at the end of 2020 by Christoph Cordes, Oliver Merkel, Julian Dames, Saeed Bullwinkel and Nikolas Bullwinkel, is working for building a grocery delivery business out of their existing fullfilment centers, with a 10-minute delivery promise. The company says it is active in 24 cities across Germany, France and the Netherlands.

Flink is one of the many online grocery startups from Europe funded by venture money and it previously raised more than 300 million, with the last round concluded in June 2021 at $240 million led by Prosus, BOND, and Mubadala Capital.