Berlin-based HelloFresh, the world’s largest fresh meals home delivery service spanning seven countries, has raised €75 million (US$84.4 million) in its latest funding round, raising its valuation to €2.6 billion.

 

After reaching a net revenue of €70 million in 2014, HelloFresh has seen growth of 392% over 2013 and has continued on a similar growth trajectory in the first quarter of 2015, making it one of the fastest growing companies in the online food space.

 

Founded in Berlin in 2011, the company now operates in the UK, Germany, Austria, the Netherlands, Belgium, Australia, and the U.S., and has corporate offices in New York, London, Amsterdam, and Sydney. The company now delivers over 4 million meals per month to 280,000 subscribers, eliminating meal planning, shopping, and waste.

 

This funding round was subscribed by Scottish investment firm, Baillie Gifford, and upon completion of the round, Rocket Internet’s stake in HelloFresh will amount to 57.2%. With a current valuation of €2.6 billion compared to a last portfolio valuation (LPV) of €1.5 billion, HelloFresh has displayed a significant increase in valuation of €1.1 billion since its last funding round in March 2015.

 

Founded in 2007 and listed on the Frankfurt Stock Exchange, Rocket Internet is striving to become the world’s largest Internet platform outside of China and the U.S. through identifying promising internet-based business models, transferring them to untapped markets, and scaling them up to be leaders in their online market spaces.