Gorillas, the on-demand grocery delivery startup, has raised $44M in Series A

Gorillas, a grocery delivery startup that operates its own hyperlocal fulfilment centres and operates in Berlin and Cologne, has raised $44 million in Series A funding round led by hedge fund Coatue.

Founded by Kağan Sümer and Jörg Kattner in May this year, Gorillas delivers groceries within an average of ten minutes. Unlike gig economy models, it employs riders directly. It is emphasising its ability to get fresh groceries, along with other household items, to shoppers at very short notice and at "retail prices".