Gopuff Raises $1 Billion in Funding

Gopuff, a Philadelphia PA-based platform for the instant needs of consumers, raised $1 Billion in funding.

The round was led by Blackstone’s Horizon platform with participation from Guggenheim Investments, Hedosophia, MSD Partners, Adage Capital, Fidelity Management, Research Company, Softbank Vision Fund 1, Atreides Management and Eldridge.

The company intends to use the funds to accelerate its strategic business initiatives including:

• geographic expansion across North America,
• expansion into the UK and across Europe,
• hiring of local talent, and
• enhancement of its technology.

Founded in 2013 by co-founders and co-CEOs Rafael Ilishayev and Yakir Gola, Gopuff provides a solution for immediate everyday needs, fulfilling customer orders of cleaning and home products, over-the-counter medications, baby and pet products, food and drinks, and in some markets, fresh prepared food and alcohol.

The company currently operates more than 450 sites across North America and the UK, including 285+ micro-fulfillment centers and 185+ recently acquired BevMo! and Liquor Barn locations.

FinSMEs

02/08/2021