By Michael Kahn

PRAGUE (Reuters) -With European consumers still cautious, Prague-based online grocer Rohlik Group is bolstering its profit by offering services to other retailers and selling advertising space to food brands as it considers a possible initial public offering, Rohlik founder and chief executive Tomas Cupr told Reuters in an interview.

The privately held company, valued at nearly $2 billion in November, is selling e-commerce, logistics and delivery services through its new platform Veloq, targeting grocers who want to start selling online.

Veloq could boast a profit margin of 50-60%, well above the 20-30% the company’s core online delivery business generates, Cupr said.

A 2021 funding round made Rohlik a rare Czech “unicorn,” or a startup with a valuation of more than $1

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