Online flower retailer Bloom & Wild raises 75 million pounds

(Reuters) - Bloom & Wild, an online flower delivery and gifting platform, on Monday said it has raised 75 million pounds ($102 million) from investors including General Catalyst and Index Ventures to expand across Europe.

Founded in 2013, the London-based firm grew revenue by 160% in 2020 and made annual profits for the first time on the back of a surge in online deliveries for people stuck at home due to the coronavirus pandemic.

The company, which is present in five European countries including France and Germany, plans to scale up over the next two years.

Other investors in the company include Novator, Latitude Ventures, D4 Ventures and Burda Principal Investments.

(Reporting by Supantha Mukherjee; Editing by Toby Chopra)