Gopuff Announces Funding as It Accelerates Geographic and Product Expansion
New funding further accelerates Gopuff’s geographic expansion, product category offerings and investment in talent
Today, we announced Gopuff raised $380 million in new funding to further accelerate geographic expansion, product category offerings and investment in talent. The round was led by existing investor Accel and new investor D1 Capital Partners with participation from Luxor Capital and SoftBank Vision Fund, and values Gopuff at $3.9B.
We are also excited to announce three new executives to our leadership team today. Jocelyn Wong, former Chief Marketing Officer at Lowe’s, has joined as Gopuff’s first Chief Customer Officer. In addition to Wong, Gopuff has added two consumer technology industry veterans to our leadership team. Jonathan DiOrio, Uber’s former Global Head of FinTech and US Business Development, has joined Gopuff in the newly created role of Chief Business Officer. Former TripAdvisor Engineering Executive Rekha Singh joined Gopuff to serve as Vice President of Engineering.
“Gopuff’s vertically integrated model and differentiated approach have created a superior customer experience and industry-leading unit economics,” said Daniel Sundheim, Founder & Chief Investment Officer at D1 Capital Partners. “We believe strongly in their vision and capacity to become the fastest and best delivery service for everyday needs.”
In the coming months, we will continue to expand our product categories to include a greater selection of baby & pet products, over-the-counter medications and grocery items, along with local favorites, leveraging our vertically integrated model to quickly add new products and categories to our platform so that our customers’ every need is met. In addition to broadening our product offering, we are significantly expanding nationwide, with plans to deepen our presence in both new and existing markets.
“Accel first invested in Gopuff in 2018 because of the team’s visionary approach to on-demand delivery and its commitment to building the infrastructure needed to create its unique, vertically integrated model,” said Ryan Sweeney, Partner at Accel.
“Because of Gopuff’s focused approach, they have consistently delivered some of the best unit economics we’ve seen, while growing nationwide. We’re thrilled to remain a committed partner to Yakir, Rafael and the rest of the Gopuff team on their journey.”
Ryan Sweeney, Partner at Accel
We’re excited about what lies ahead and continued growth and remain laser-focused on what has made Gopuff a success to-date: delivering for our customers.