What is goPuff? goPuff Review

Basic Introduction

goPuff is a Philadelphia-based startup that delivers about 3,000 products, including over-the-counter medicines, household products, baby food, and alcohol, in 30 minutes or less. In the past 18 months, the number of cities served by goPuff has more than tripled. Currently, goPuff is available in more than 500 cities in the United States, using a network of more than 200 small warehouses to fulfill its customers' orders.

Business Situation

GoPuff's main business at the beginning was to deliver some food, alcoholic beverages and other convenience store items popular among young people on university campuses. It began to provide express delivery services for alcoholic beverages in 2016, and then its user group began to slowly shift to older age groups.

Financing

In August 2019, the Vision Fund led the investment in GoPuff at $750 million, and may add another $250 million this year. SoftBank has often used this investment strategy in the past.

In October 2020, the US delivery startup "goPuff" received US$380 million in financing. The round of financing was led by investors Accel and D1 Capital Partners, and participated by Luxor Capital and SoftBank Vision Fund.

References

• 1. Digital convenience store "goPuff" received $380 million in financing, with a valuation of $3.9 billion: 36kr [cited date 2020-10-10T16:00:00.000Z]