American express delivery service Go…

American express delivery service Go… post thumbnail image

The startup’s valuation can be more than $40 billion.

Express grocery delivery service Gopuff raised $1.5 billion, Axios said, citing sources. As a result, startup valuations can exceed $40 billion.

  • Financing in the form of convertible notes was provided by investment firm Guggenheim Partners, media reports. The prospectus registration information has been released by the Prime Unicorn Index.

  • Media sources suggest the startup plans to go public in mid-2022. Gopuff declined to comment on the information.

  • Gopuff has raised a total of $3.4 billion in 9 funding rounds, according to Crunchbase. This summer, the valuation was $15 billion after a $1 billion round.

Source: Crunchbase.

Startup Gopuff was founded in 2013. The company’s couriers deliver groceries in 30 minutes to more than 650 cities across the US, UK and Europe. Gopuff has more than 250 of its own dark stores and is growing its network through the acquisition of smaller competitors. In particular, the startup bought alcohol seller BevMo! Last year. In 2021, the company acquired two British fast delivery services Fancy and Dija, as well as American start-ups RideOS, Liquor Barn and Bandit.

Gopuff was also in talks with German delivery service Flink, but the deal never materialized.

Read also: Ozon launched competitors for express delivery services Yandex, Sberbank and VK.

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