US delivery company Gopuff has secured $1 billion in its latest funding round, as it aims to become the go-to solution for immediate consumer needs.
The new funding comes on the heels of a $1.15 billion round earlier this year and Gopuff says that it is now valued at $15 billion.
Founded in 2013, Gopuff operates more than 450 sites across North America and the UK, including around 285 micro-fulfilment centres and the recently acquired BevMo! locations. The company is open 24/7 in many markets, as it looks to fulfil customer orders of food and drinks, as well as cleaning, home and other products.
Investors in Gopuff’s latest funding round include Blackstone’s Horizon platform, Guggenheim Investments, Hedosophia, MSD Partners and Adage Capital, along with existing investors Fidelity Management and Research Company, Softbank Vision Fund 1, Atreides Management and Eldridge.
Gopuff will use the new funds to accelerate its expansion across North America, the UK and Europe, as well as to enhance its technology and expand its team.
“As Gopuff continues to define the instant needs economy, we are thrilled to have new leading global partners on board, along with the support of our long-time investors. This funding round is further validation of the success of our model,” said Rafael Ilishayev, who is co-founder and co-CEO of Gopuff alongside Yakir Gola.
Scott Minerd, global chief investment officer of Guggenheim Investments, added: “Gopuff has quietly built a very strong business and solidified itself as the leading player, continuing to define this evolving category.
“Rafael and Yakir are focused on maintaining fiscal responsibility while having the ability to successfully execute on strategic growth opportunities. This measured approach along with Gopuff’s impressive offering has only just scratched the surface.”
Since Gopuff’s last funding round in March, the company has made several acquisitions, including of UK-based last-mile delivery platform, Fancy.
© FoodBev Media Ltd 2021
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