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Gopuff, the instant grocery startup, is raising $1.5B in a convertible note at up to a $40B valuation, ahead of going public as soon as mid-2022

Summary by Ground News
GoPuff is in the process of raising $1.5 billion, with a valuation of up to $40 billion. The funding is being structured as a Series X convertible note from Guggenheim Partners. The size and nature of the raise, as a convertible note, is a strong indicator that this is a round being raised.
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