Berlin's Gorillas lays off 300, explores 'strategic options' in 4 countries as funds dry up for its $3B instant grocery play

There has been too much money swimming around too many startups, with founders and investors all looking to ride what seemed like a wave of opportunity for fast delivery on the back of changing consumer habits during Covid-19.While some companies have fallen by the wayside, others have been gobbled up, and a smaller group has continued to raise money (for example Zapp closed $200 million in January; Flink just last week announced more funding amid its purchase of Cajoo in France; Gopuff apparently is in the process of closing a big $1 billion round).Gorillas’ news today spells out a couple of different challenges both for it, and for the wider instant delivery space.First, on the part of Gorillas, the question will be whether it will shape up to be one of the last ones standing (and whether these moves will help it get there), or if it too will find itself on the bargaining table.Gorillas has been one of the consolidators, buying companies like Frichti in France; but we’ve heard that it has also talked to buyers itself.