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Financials

Berlin delivery startup Gorillas raises 244 mln euros from investors

BERLIN, March 25 (Reuters) - Gorillas, an online food delivery company based in Berlin, said on Thursday it had raised 244 million euros ($287 million) from investors in a funding round led by Coatue Management, DST Global and Tencent Holdings Ltd.

The Series B funding round values Gorillas at more than $1 billion, giving the fast-growing startup coveted ‘unicorn’ status little more than a year after it was founded.

Users of the Gorilla app can order more than 2,000 food products and get them delivered for a flat-rate fee of 1.80 euros - a model that the company says seeks to disrupt old-style food retail.

Gorillas directly employs more than 1,000 riders and says it is now present in more than a dozen cities, including Amsterdam, London and Munich. ($1 = 0.8493 euro) (Reporting by Nadine Schimroszik; writing by Douglas Busvine; editing by Jonathan Oatis)

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