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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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TechCrunchTechCrunch

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

Instant grocery -- where urban-dwelling consumers buy food and other essentials and can get them delivered in 15 minutes or less -- continues to be a big business, and one of the juggernauts in the space is now raising a big round of funding to meet that opportunity: GoPuff is in the process of raising $1.5 billion, with a valuation of up to $40 billion. From what we understand, the funding is being structured as a "Series X" convertible note f…

·United States
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TechmemeTechmeme

Source: delivery startup Gopuff, which recently launched in London and NYC, raised $1.5B in convertible notes at a valuation of up to $40B

Dan Primack / Axios: Source: delivery startup Gopuff, which recently launched in London and NYC, raised $1.5B in convertible notes at a valuation of up to $40B  —  Gopuff, an instant delivery platform for everyday items, has raised $1.5 billion in new funding at around a $40 billion valuation, Axios has learned.

·California, United States
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Techmeme broke the news in California, United States on Thursday, December 16, 2021.
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