goPuff, a Philadelphia, PA-based go-to platform for consumers’ everyday needs, raised $380m in funding.
The round, which valued the company at $3.9 billion, was led by existing investor Accel and D1 Capital Partners with participation from Luxor Capital and SoftBank Vision Fund, another previous investor.
The company intends to use the funds to further accelerate its geographic expansion, product category offerings and investment in talent.
Founded in 2013 by co-founders and co-CEOs Rafael Ilishayev and Yakir Gola, goPuff provides a solution for immediate everyday needs, fulfilling customer orders of cleaning and home products to over-the-counter medications to food and drinks, and in some markets, alcohol, quickly. With micro-fulfillment centers in every market it serves, the company delivers thousands of products quickly for a flat $1.95 delivery charge.
The company is headquartered in Philadelphia and currently operates more than 200 micro-fulfillment centers servicing over 500 U.S. cities.
goPuff also announced several key hires to its executive leadership team, including
- Jocelyn Wong, former Chief Marketing Officer at Lowe’s, who has joined as goPuff’s first Chief Customer Officer,
- Jonathan DiOrio, Uber’s former Global Head of FinTech and U.S. Business Development, who has joined goPuff in the newly created role of Chief Business Officer, and
- Former TripAdvisor engineering executive Rekha Singh joined goPuff to serve as Vice President of Engineering.
FinSMEs
08/10/2020