Gopuff has secured an additional $1 billion in new funding, which will be used to accelerate its strategic priorities, including furthering geographic expansion across North America, expanding deeper into the U.K. and across Europe, and hiring top-tier local talent, according to the company.
“As Gopuff continues to define the Instant Needs economy, we are thrilled to have new leading global partners onboard, along with the support of our longtime investors. This funding round is further validation of the success of our model and will enable us to continue to do what we do best: deliver an unmatched customer experience,” said Rafael Ilishayev, co-founder and co-CEO of Gopuff, in a statement.
Since Gopuff’s last funding round in March, the company has made several strategic acquisitions and executed on growth objectives including global expansion, introducing new verticals, and enhancing its proprietary technology. This includes acquiring Fancy, a U.K.-based last mile delivery platform; launching Gopuff Kitchen, which offers made-to-order hot and fresh food; acquiring rideOS, a startup that builds technology for advanced routing, on-demand dispatch, and fleet optimization; and integrating BevMo! With Gopuff, expanding its assortment of beverages for customers.
Related: Gopuff Offers Prepared Food; Gopuff Acquires Liquor Barn.