German Gorillas grocery app seeks big retail partners to boost profit
German grocery delivery app Gorillas, which announced job cuts last month, is looking to collaborate..
with large retailers and may also use private-brand products to try to secure group-level profitability within 12 months, its chairman said on Wednesday.
The Berlin-based startup, founded in 2020, said last month it would lay off 300 people
as it changes its focus from rapid expansion to turning a profit after the boost from COVID-19 lockdowns fizzled out.
"We realised that okay, we need to adapt, course correct and we have to do it fast, so there were really tough decisions and now the whole focus is actually going towards profitability,"
Ugur Samut, co-founder and chairman told the Consumer Goods Forum's Global Summit conference.
"Now 65% of the customers are profitable, 25% of the warehouses are profitable and we believe..
we will be operation profitable in three months and group profitable in 12 months," he said.
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