Gopuff has raised a total of $3.491 billion across multiple funding rounds, with its largest being a $1 billion Series H round in July 2021. The Philadelphia-based digital delivery platform specializes in bringing daily essentials—including groceries, snacks, drinks, and household items—directly to consumers within minutes.
With a workforce exceeding 10,000 employees, Gopuff leverages its technology and logistics expertise to provide fast and reliable service. Backed by high-profile investors such as SoftBank Vision Fund, Fidelity Management, and Blackstone, Gopuff is poised for continued growth both domestically and internationally.
Keep reading to explore Gopuff’s funding journey, key investors, and what’s next for this innovative delivery platform.
What Is Gopuff and What Does It Do?
Founded in November 2013 by Rafael Ilishayev and Yakir Gola, Gopuff is headquartered in Philadelphia, Pennsylvania. The company operates a digital delivery platform designed to provide consumers with everyday essentials in minutes. Gopuff’s service includes groceries, snacks, drinks, household items, and other convenience products.
With a focus on speed, reliability, and technology-driven logistics, the platform operates over 450 sites across North America and Europe. Its extensive workforce and infrastructure enable seamless order fulfillment and a superior customer experience.
How Much Funding Has Gopuff Raised?
- Series B
- Amount Raised: $13M
- Date: December 2016
- Lead Investors: Headline
- Motivation: To scale operations and expand market reach.
- Series C
- Amount Raised: $42.5M
- Date: December 2017
- Lead Investors: Valor Equity Partners
- Motivation: To enhance technology and logistics infrastructure.
- Series D
- Amount Raised: $108.5M
- Date: November 2018
- Lead Investors: Accel
- Motivation: To support geographic expansion and new product offerings.
- Series E
- Amount Raised: $750M
- Date: August 2019
- Lead Investors: SoftBank Vision Fund
- Motivation: To accelerate growth and market penetration.
- Series F
- Amount Raised: $377.5M
- Date: October 2020
- Lead Investors: Accel, D1 Capital Partners
- Motivation: To expand delivery capabilities and improve customer experience.
- Series G
- Amount Raised: $1.2B
- Date: March 2021
- Lead Investors: D1 Capital Partners, Fidelity
- Valuation at Round: $8.9B
- Motivation: To double down on domestic and international expansion.
- Series H
- Amount Raised: $1B
- Date: July 2021
- Lead Investors: Blackstone, Guggenheim Investments, Fidelity Management, SoftBank Vision Fund
- Valuation at Round: $15B
- Motivation: To expand its consumer base and capitalize on increased online service reliance.
Total Funding Raised: $3.491B
Current Valuation: $15B
Latest Funding Date: May 1, 2022
Key Investors
- Robert Iger
- Details: Former CEO and Executive Chairman of The Walt Disney Company, known for leading acquisitions like Pixar, Marvel, and Lucasfilm.
- Investment Focus Areas: Media, entertainment, technology
- Notable Investments: Gopuff
- SoftBank Vision Fund
- Details: A venture capital fund managed by SoftBank Group, focusing on technology investments globally.
- Investment Focus Areas: Technology, AI, robotics, telecommunications
- Notable Investments: Uber, WeWork, ByteDance
- Fidelity Management
- Details: Division of Fidelity Investments, one of the largest global asset managers, providing mutual funds and investment management services.
- Investment Focus Areas: Mutual funds, ETFs, financial services
- Notable Investments: Tesla, Amazon, Google
- Accel
- Details: Venture capital firm investing in early-stage and growth-stage technology companies with a strong track record of success.
- Investment Focus Areas: Technology, internet, software
- Notable Investments: Facebook, Dropbox, Slack
- Blackstone
- Details: Leading global investment firm specializing in private equity, real estate, credit, and hedge fund strategies.
- Investment Focus Areas: Private equity, real estate, credit, hedge funds
- Notable Investments: Hilton Worldwide, The Weather Channel, Ancestry.com
Where Is Gopuff’s Headquarters?
Gopuff is headquartered in Philadelphia, Pennsylvania, providing strategic access to major U.S. markets and enabling efficient logistics and delivery operations. Its central location supports collaboration across its domestic and international sites while facilitating rapid expansion.
What’s Next for Gopuff?
Gopuff’s future growth opportunities are substantial, particularly in expanding its footprint across North America and Europe. With over 450 sites already operational, the company aims to enhance technology, hire local talent, and strengthen logistics capabilities. Continued investor support from SoftBank, Fidelity, and Blackstone positions Gopuff to pursue additional funding rounds, fueling domestic and international expansion.
Challenges include intense competition from Amazon and DoorDash, as well as regulatory compliance and operational complexities, all of which will require strategic planning to sustain market leadership.
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