US rapid delivery firm Gopuff – which acquired UK ultra-fast grocery app Fancy in May – has secured $1bn in new funding.
The funding injection values the business at $15bn, and comes just months after a $1.15bn fundraise which more than doubled its valuation.
The company said the backing takes it closer to being “the world’s go-to solution for immediate needs”. An immediate priority is “expanding deeper into the UK” as well as Europe, Gopuff added.
Gopuff is reportedly in acquisition talks with UK rapid delivery app Dija, which also has a presence in Spain and France.
Gopuff’s acquisition of Fancy – which similarly delivers to customers within 20 to 40 minutes from dark stores containing around 2,500 SKUs – marked its first presence outside North America.
The company has made some significant developments in recent months, including the launch of Gopuff Kitchen, which are all-electric mobile kitchens stationed within or adjacent to Gopuff’s micro-fulfillment centres.
The kitchens – of which there are 20 in the US – mean app users can order freshly prepared food, including hot pizza, freshly brewed coffee, prepared breakfast sandwiches, hot chicken tenders and salads. “Not only can each order easily combine fresh and everyday items, but the order can also be at your door before it melts or gets cold,” Gopuff said of the offering.
“We have truly doubled down on our key business priorities, accelerating our geographic expansion by entering new markets in the US and abroad, innovating for our customers, and continuing to invest heavily in our technology, our people, and our partners,” said Yakir Gola, co-founder and co-CEO of Gopuff.
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