Gopuff Raises a $250M Funding Round Led by Eldridge Industries

Gopuff Raises a $250M Funding Round Led by Eldridge Industries

The new capital will support Gopuff’s investment in AI, consumer experience, and infrastructure expansion, strengthening its momentum as more customers rely on the platform.

Gopuff has raised $250 million in new funding led by Eldridge Industries and Valor Equity Partners, with participation from Baillie Gifford, Equalis Capital, George Ruan, Robinhood, Yakir Gabay, and Gopuff’s Co-Founders, among others. 

This announcement comes as Gopuff enters its strongest financial position in company history, fueled by record revenue, contribution profit, and sustained core business growth. 

The funding round, which includes participation from both new and long-standing investors, underscores the power of Gopuff’s vertically integrated business model, the company’s strong performance, and its mission to transform the future of shopping.

Gopuff has built and scaled the largest instant fulfilment network in the US and UK, powered by proprietary technology, hyper-local infrastructure, and operational excellence. With its unique ability to enable truly instant delivery at scale, Gopuff is well-positioned to capitalise as consumer demand for speed continues to grow. 

ALSO READ: The Trade-Offs That Reveal True Customer Centricity

The new capital will support Gopuff’s investment in AI, consumer experience, and infrastructure expansion, strengthening its momentum as more customers rely on the platform.

“Gopuff has built a resilient business that has outlasted every competitor in the instant-commerce space – a testament to their unique model, focus on unit economics, and commitment to relentless innovation,” said Todd Boehly, Chairman of Eldridge Industries.

“We are proud of our long-standing partnership with Yakir, Rafael, and the Gopuff team and look forward to supporting them as they continue to set the standard for customer satisfaction in the category.”

Over the past year, Gopuff has delivered new innovation, expanded its assortment, and strengthened customer engagement, driving ongoing gains in order frequency and retention:

  • Developed new AI-powered technology to improve delivery speed, personalisation, and customer experience.

ALSO READ: 35 Must-Read Books on Customer Experience

  • Expanded fresh grocery and everyday essentials.
  • Powered the rapid growth of the Gopuff FAM membership program.
  • Launched acceptance of SNAP EBT payments nationwide.
  • Forged high-impact, strategic partnerships across retail, entertainment, and consumer brands.

“This milestone reflects the incredible hard work and execution of our team,” said Yakir Gola, Co-CEO and Co-Founder of Gopuff. “The team has built meaningful momentum across the business. We’re back on offence, and we’re just getting started. The future is bright as we keep raising the bar for our customers.”

Jon Shulkin, Partner and Co-President at Valor Equity Partners, said, “Gopuff’s transformation over the past several years has been remarkable. Their focus, innovation, and substantial gains in profitability have reinforced their leadership in instant commerce.”

ALSO READ: To Drive ROI, CX Leaders Must Move Beyond Vanity Metrics

“We believe the company has real momentum, driven by disciplined execution and strong leadership, and we’re proud to continue supporting Gopuff in this next phase of growth.”

Gopuff also announced the appointment of Matt McBrady, Ph.D., as Chief Financial Officer. 

“I’ve admired what Yakir and Rafael have built since Gopuff’s earliest days, and I’m thrilled to join the team at such a pivotal moment,” said McBrady. “Their vertically integrated model provides real economic advantages — but it’s incredibly difficult to execute, which is why so many competitors have exited.” 

“Their relentless focus on innovation and the customer is what makes Gopuff a true pioneer, and new funding will enable us to bring the Gopuff magic to even more customers around the world.”

ALSO READ: UK Consumers Call on AI to Save “Broken” Customer Service