Gopuff, the “instant” grocery delivery startup that has been on an acquisition and expansion tear in the last several months to scale its business, is also racing to raise money to fuel those efforts. Documents uncovered by Prime Unicorn Index and shared with TechCrunch show that the startup has filed papers in Delaware to raise up to $750 million in a Series H round of funding — at a valuation of $13.5 billion if all shares are issued. While the company is not commenting on the filing, a well-placed source tells us that it’s actually closing as a $1 billion raise at a $15 billion valuation.

As with all Delaware filings, they only tell part of the story, so the company might ultimately raise more or less before the round closes. (And in this case it looks like “more.”)

For some funding context, it was only in March that Gopuff raised $1.15 billion at an $8.9 billion valuation. And that round came just months after a $380 million round (at a $3.8 billion) valuation. With Gopuff’s instant grocery model comes instant funding, it seems: together the three rounds would total around $2.5 billion …read more

Source:: TechCrunch


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