goPuff, a Philadelphia, PA-based go-to platform for consumers’ everyday needs, secured $1.15 billion in funding, at an $8.9 billion valuation.
Backers included D1 Capital Partners, Fidelity Management and Research Company, Baillie Gifford, Eldridge, Reinvent Capital, Luxor Capital and SoftBank Vision Fund 1.
The company intends to use the funds to continue to accelerate its strategic priorities, which include:
- geographic expansion across the U.S. and internationally,
- introducing new product categories, and
- investing in new technology and talent that will further enhance the customer experience.
Founded in 2013 by co-CEOs Rafael Ilishayev and Yakir Gola, goPuff is a platform for everyday needs, fulfilling customer orders of cleaning and home products, over-the-counter medications, baby and pet products, food and drinks, and in some markets, alcohol. With micro-fulfillment centers in every market it serves, the company delivers thousands of products quickly for a flat $1.95 delivery charge. goPuff is open 24/7 in many markets and late night everywhere else.
The company currently operates more than 250 micro-fulfillment centers servicing over 650 U.S. cities, in addition to the recently acquired BevMo! locations.