Delivery service GoPuff raises $380m at $3.9bn valuation

Tyrone Stewart

GoPuff, a US startup which delivers food, home essentials, medication, and alcohol, has raised $380m in its latest round of funding which values the company at $3.9bn.

The round, which takes the startup’s total raised up to $1.35bn, was led by Accel – an existing investor – and D1 Capital Partners, with participation from Luxor Capital and SoftBank Vision Fund. SoftBank is another previous investor.

“We’ve come a long way, but we’re also just getting started. This investment accelerates our ability to achieve our vision of becoming the world's go-to solution for immediate everyday needs,” said Yakir Gola, Co-founder & co-CEO of GoPuff.

Though not the most well-known name, GoPuff already operates in more than 500 cities across the US through over 200 fulfilment centres, which promise to deliver customer orders within 30 minutes. In the past 18 months, it has more than tripled the number of cities it serves and recently launched in Dallas, Miami, Detroit, Minneapolis, and Houston.

“From day one, we have always been customer-first and continue to be excited about the impact we’re making on people’s lives by changing the way they get the products that they want and need,” said Rafael Ilishayev, Co-founder & co-CEO of GoPuff.

In addition to the funding, GoPuff has welcomed Jocelyn Wong, former Chief Marketing Office at Lowe’s, as its first Chief Customer Officer; Jonathan DiOrio, former Global Head of Fintech and US Business Development at Uber, as its first Chief Business Officer; and Rekha Singh, a former TripAdvisor engineering executive, as Vice President of Engineering.