Failed 2024

    Flink (Down Round & Retreat)

    Berlin quick-commerce challenger Flink raised $1.1B at $5B valuation, then exited France in 2023 and accepted a steep down-round in 2024 as the entire q-commerce category collapsed.

    Founded → Closed

    2020 → 2024

    Funding Raised

    $1.1B

    Industry

    Quick Commerce/Grocery

    Country

    Germany

    Full Analysis

    Berlin-based Flink was the second-largest German quick-commerce player after Gorillas, reaching a $5B valuation in 2022 with backing from Mubadala, Prosus and DoorDash. After q-commerce unit economics proved structurally unviable, Flink exited France in 2023, conducted multiple layoff rounds, and reportedly closed a steep down-round in 2024 to extend runway. With Gorillas absorbed by Getir (which itself exited Europe), Flink became the last surviving major European q-commerce player — at a fraction of its peak value.

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