Gopuff Reaches $15 Billion Valuation With $1 Billion From Blackstone, SoftBank and Others
July 30 2021 - 02:07PM
Dow Jones News
By Josh Beckerman
SoftBank Group Corp.-backed delivery company Gopuff has reached
a $15 billion valuation after securing $1 billion of funding to
bolster its expansion across North America, the U.K. and
Europe.
New investors include Blackstone Group Inc.'s Horizon platform,
Guggenheim Investments, Hedosophia, MSD Partners, and Adage
Capital, the company said. SoftBank and existing backers Fidelity
Management and Research Co., Atreides Management and Eldridge
participated in the funding round.
Gopuff delivers items including groceries, alcohol, health
products and home and office items. In May, Uber Technologies Inc.
announced an Uber Eats partnership with Gopuff.
In June, Gopuff said it would buy rideOS, which provides
technology for routing, dispatching and fleet optimization. Gopuff
also bought Kentucky chain Liquor Barn.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
July 30, 2021 14:01 ET (18:01 GMT)
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