Startup Gorillas Planning to Raise $700 Million of New Funding
Gorillas is among the largest companies that deliver groceries and other goods within minutes.
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Gorillas Technologies GmbH plans to raise more than half a billion dollars of new financing this year, as the rapid grocery delivery startup tries to scale in a fiercely competitive sector.
Chief Executive Officer Kagan Sumer said he planned “to raise $700 million or more” and take Gorillas into being a profitable business.