Gopuff Announces Fundraise
New funding enables us to enhance the Gopuff experience, introduce new categories and accelerate growth to reach more customers
Today, we announced that Gopuff raised $1.15 billion in new funding. Investors in the round include D1 Capital Partners, Fidelity Management and Research Company, Baillie Gifford, Eldridge, Reinvent Capital, Luxor Capital and SoftBank Vision Fund 1.
We’re grateful for the confidence of our longtime returning partners as well as the new, top-tier institutions joining this round and look forward to their support as we accelerate our growth plans and continue to define and transform the instant needs space.
With these new funds, Gopuff will continue to accelerate our strategic priorities, which include geographic expansion across the U.S. and internationally, introducing new product categories, and investing in top-tier talent and new technology that will further enhance the customer experience.
Bringing Gopuff to More U.S. and International Markets
Over the past seven years, we have worked tirelessly to amass a network of more than 250 micro-fulfillment centers and 161 BevMo! stores, totaling over 400 sites across the United States. Today, we deliver to customers in hundreds of cities in 41 states and D.C., and are expanding to more customers every day.
Now, as we look ahead, we remain focused on our mission to become the world’s go-to solution for immediate, everyday needs, and these new funds will significantly advance and accelerate our expansion efforts both within the U.S. and internationally.
Expanding into New Categories
Relentlessly focused on delivering for our customers, we recently launched new categories and offerings, such as our Better for You, Beauty and enhanced Baby categories, Curated Mystery Boxes, and introduced hundreds of local products to the platform to expand and enhance the customer experience.
With these new funds, we will continue investing in our local programs, new products and categories for customers, as well as our new media offering Gopuff Marketing Solutions (GMS), which enables brands to run media campaigns on and off Gopuff’s platform, instantly reaching consumers and translating those interactions into purchases.
Enhancing the Gopuff Experience for Customers
We have worked hard to develop technology and infrastructure to provide our customers with what you need instantly and in a single order. To build upon this and further improve the customer experience, we will continue to invest in top-tier talent and new technology. This will enable us to create even more personalized shopping experiences and an enhanced ability to cater to specific needs in the moment.
To learn more about today’s news, check out our press release here.
- Consumer News