Gopuff has raised $250 million in new funding, led by Eldridge Industries and Valor Equity Partners, as the instant commerce company reports its strongest financial performance to date. The round, which also included participation from Baillie Gifford, Robinhood, Equalis Capital, George Ruan, Yakir Gabay, and the company’s co-founders, among others, follows a period of record revenue, contribution profit, and sustained momentum across its core business.
The company said the new capital reflects growing investor confidence in its vertically integrated model and its ability to scale instant delivery across the United States and the United Kingdom. With more consumers seeking faster fulfillment, Gopuff’s combination of proprietary technology, hyperlocal infrastructure, and operational discipline has helped the platform increase order frequency, customer retention, and overall engagement.
Gopuff plans to use the funding to accelerate investment in artificial intelligence, customer experience, and infrastructure expansion as it works to enhance personalization, expand assortment, and strengthen its membership offering. The company has also broadened its fresh grocery and everyday essentials categories and launched nationwide acceptance of SNAP EBT payments. Partnerships with major global brands, such as Starbucks, Disney, Amazon, and Tom Brady, are further positioning Gopuff as a preferred channel for rapid product launches and new customer experiences, delivered in as fast as fifteen minutes.
Alongside the raise, Gopuff announced that Matt McBrady has been appointed Chief Financial Officer. A veteran operator and investor, McBrady previously held senior roles at BlackRock, Bain Capital, Silver Creek Capital Management, Axon, and aQuantive. He also served on President Clinton’s Council of Economic Advisers and later taught finance at the Wharton School and the Darden School of Business. His experience leading companies through public listings and high-growth periods is expected to support Gopuff as it enters its next stage of expansion.
Founded in 2013 by Yakir Gola and Rafael Ilishayev, Gopuff now delivers more than 5,000 products in as fast as 15 minutes through a network of micro-fulfillment centers that span the United States and the United Kingdom. The company continues to report rising customer demand as it works to strengthen its leadership position in instant commerce.
KEY QUOTES
“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. 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.”
Todd Boehly, Chairman of Eldridge Industries
“This milestone reflects the incredible hard work and execution of our team. The team has built meaningful momentum across the business. We’re back on offense, and we’re just getting started. The future is bright as we keep raising the bar for our customers.”
Yakir Gola, Co CEO and Co-Founder of Gopuff
“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. 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.”
Jon Shulkin, Partner and Co-President at Valor Equity Partners
“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. 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.”
Matt McBrady, Chief Financial Officer of Gopuff
