Delivery startup Gopuff valued at $15 billion after latest fundraising

U.S. supply startup Gopuff mentioned on Friday it raised $1 billion in a funding spherical that included Guggenheim Investments, Hedosophia and SoftBank Vision 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 increase 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 mentioned it is going to use the newest funds to additional increase into North America, the UK and throughout Europe and for hiring and making investments in expertise.

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