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gopuff: Supply startup Gopuff valued at $15 billion after newest fundraising – NEWPAPER24

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gopuff: Supply startup Gopuff valued at $15 billion after newest fundraising

2021-07-31 04:39:13

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U.S. supply startup Gopuff stated on Friday it raised $1 billion in a funding spherical that included Guggenheim Investments, Hedosophia and SoftBank Imaginative and prescient Fund 1, valuing the corporate at round $15 billion.
The brand new valuation represents a close to 69% leap from $8.9 billion that the corporate was valued at, after its earlier fundraising in March.

Gopuff has an investor base with excessive profile names together with British investor Ian Osborne’s Hedosophia, Constancy Administration and Analysis Co, MSD Companions and Eldridge, the funding agency headed by Los Angeles Dodgers proprietor Todd Boehly.

The startup, based in 2013, delivers gadgets like meals, alcohol and medicines at a $1.95 flat supply cost and operates in additional than 450 websites throughout North America and the UK.
In Could, it partnered with Uber to broaden the supply of important gadgets in the course of the Covid-19 pandemic.

Since its final fundraising, the corporate has introduced a number of acquisitions together with these of UK-based last-mile supply platform Fancy and fleet administration startup rideOS.

Gopuff stated it is going to use the newest funds to additional broaden into North America, the UK and throughout Europe and for hiring and making investments in know-how.

The Philadelphia-based firm may doubtlessly go public later this yr, Newpaper24 reported in March, citing a supply near the matter.

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