Tengelmann Ventures invests in ShopWings

Start-up accelerator Rocket Internet also invested in the company, which now plans to expand both in Germany and internationally.

According to reports, Tengelmann invested €10m for a 36% stake in the company, giving ShopWings a €27m enterprise value.

Company
Founded in September 2014, ShopWings is a personal shopping and delivery service. It currently offers goods from supermarkets including Aldi, Lidl and Alnatura. ShopWings, which was incubated by Rocket Internet, is active in Berlin and Munich.

People
Andreas Veller is co-founder of ShopWings. Christian Winter is CEO of Tengelmann Ventures.

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• Topics
• DACH
• Expansion
• Consumer
• Germany