SoftBank-backed goPuff value grows 128% to $8.9 billion

Tuesday, 23. March 2021 17:06

SoftBank-backed fast delivery startup goPuff announced on Tuesday that it raised $1.15 billion in new funding round, increasing its value more than two-fold to $8.9 billion, from the previous $3.9 billion five months ago.

The investments received included funding from SoftBank Vision Fund 1. GoPuff shared that the new funding will be used in expanding geographically, not only across the United States but globally too.

The company said it will also add more categories to its product line. GoPuff was one of the entities that benefited from the pandemic lockdown, recording a 400% spike in volume in the first half of 2020, compared to the same period of 2019.

Related Links: Softbank Group Corporation
Author:
Breaking the News / LH