German rapid grocery delivery company Gorillas is nearing a takeover deal with its French peer Frichti. If the deal is successful, it will create the second-largest rapid grocery delivery company in France. Both companies are also operating in Belgium.
Own products
Gorillas and Frichti have both confirmed that they are in exclusive takeover talks. However, they are not disclosing details on the timing and financial side of the potential deal.
Frichti was founded in Paris in 2015. Unlike other delivery companies, like Deliveroo, the French start-up also produces its own food products, such as beer, biscuits and eggs. According to the Belgian newspaper De Tijd, the company has a total of 120 food products. Gorillas, on the other hand, is a pure rapid grocery delivery company. The Berlin-based company delivers small grocery orders from various dark stores to customers’ homes within fifteen minutes. Since its inception in 2020, the company has experienced spectacular growth. In the autumn of 2021, it raised another billion dollars in fresh capital.
Gorillas and Frichti are also operating in Belgium, and Belgian investors are also involved in both companies. Verlinvest, the investment vehicle of the AB InBev families De Mévius and De Spoelberch, already entered Frichti’s capital in 2017. Recently, it also became known that the Belgian holding company Sofina acquired a stake in Gorillas last year.
