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Gopuff

From Wikipedia, the free encyclopedia
Digital delivery service

GoBrands, Inc.
Company typePrivate
IndustryRetail
Founded2013; 12 years ago (2013)
Founders
  • Yakir Gola
  • Rafael Ilishayev
HeadquartersPhiladelphia,Pennsylvania, U.S.
ServicesOnline platform for convenience delivery
Revenue
  • IncreaseUS$2 billion (2021)
[1]
Number of employees
c. 15,000[2]
SubsidiariesBevMo!
Websitegopuff.com

GoBrands, Inc.,[3][4]doing business asGopuff, is an American consumer goods and food delivery company headquartered inPhiladelphia, Pennsylvania.[5][6][7] The company operates in more than 650 US cities through approximately 500 microfulfillment centers as of October 2021.[8][5][9][10] It also operates in the United Kingdom, following a takeover ofNewcastle upon Tyne-based Fancy.[11][12] As of July 2021, the company was valued at $15 billion.[9][10][13][14]

History

[edit]

Gopuff is headquartered inPhiladelphia, Pennsylvania. Founded in 2013 byDrexel University students Yakir Gola and Rafael Ilishayev, Gopuff was originally an on-demandhookah delivery service but expanded to delivering food and goods typically sold in convenience stores.[15] The company began offering delivery services in Philadelphia before moving into other cities, includingSeattle,Boston,Phoenix, andAtlanta.[16][17]

In 2016, Gopuff raised $8.25 million in A round funding.[18] In 2019, the company reportedly raised $750 million in funding fromSoftBank, with a commitment for up to $250 million more.[19][20] Also in 2019, Gopuff opened a new headquarters in the Finnigan's Wake building inNorthern Liberties.[21][22]

Gola and Ilishayev were included in a 2017Forbes 30 Under 30 list for retail and ecommerce[23] and later in the year, were together named Target Magazine's target marketer of the year.[24] While founding Gopuff, Gola and Ilishayev bonded over their similar ancestries and family backgrounds,[6] and later became supporters of Drexel's Jewish community, providing funding for Drexel Chabad to purchase a new building in 2020.[25][26]

In October 2020, the company announced that it had raised $380 million in a funding round led byAccel andD1 Capital Partners, bringing the company's total value to $3.9 billion.[13] In November, Gopuff agreed to purchaseBevMo! for $350 million.[27] The alcoholic beverage chain has 161 stores in California, Washington and Arizona.[28][29]

In March 2021, Gopuff announced that it had raised $1.15 billion in funding from investors including D1 Capital Partners,Fidelity Management and Research Company, and Luxor Capital.[9][10] That month, it was listed on CNBC's Disruptor 50 list.[30]

In April 2021, Gopuff added the first independent board member,Betsy Atkins, to its board.[31]

In May 2021, Gopuff acquired Fancy, a UK-based food delivery service.[11] Also in May, Gopuff andUber Eats announced a partnership to sell products from Gopuff through the Uber Eats app.[32][33]

In June 2021, Gopuff acquired Liquor Barn, an alcoholic beverage chain, and announced the acquisition of RideOS for $115 million.[34][35][36][37]

In February 2022, Gopuff signed a multi-year partnership deal withMcLaren.[38]

In July 2022, Gopuff announced closure of 76 of its U.S. warehouses and layoffs impacting about 1,500 employees. The company still intends to expand services at other high-performing locations.[2] In October 2022, the company conducted more layoffs, firing some 250 employees.[39]

Services and operation

[edit]

Gopuff primarily delivers goods typically found inconvenience stores such as snacks, drinks, household items, toiletries as well as pet and baby products like diapers.[40] Beer, wine, and spirits are available for delivery in some markets.[41]

In December 2015, Gopuff launched a beer delivery service called goBeer.[42] In May 2016, they launched an alcohol delivery service called goBooze.[43][44][45] These services are organized under the umbrella of goBrands Inc.

The company owns warehouses that stock many of the products it delivers, including electronics, food, medications, and pet supplies.[46]

A fall in demand following the sector's boom during the COVID-19 lockdowns affected Gopuff as well. In March 2023, Uber couriers were handling at least 4 percent of all Gopuff orders in the US, to deal with a gap in the latter's own driver workforce. The two companies were also reported to be in talks for Gopuff orders to be placed through the Uber Eats app.[47]

Privacy issues

[edit]

In 2018, researchers fromNortheastern University found that the Gopuff mobile app recorded user interactions that involved personal information, and transmitted the resulting video to a website affiliated with analytics company Appsee.[48] Appsee criticized Gopuff for violating its terms of service.[48] Gopuff stated that it would remove Appsee code from future versions of itsiOS andAndroid apps, and amend its privacy policy to disclose possible data transfer to the app.[48]

Controversies

[edit]

In March 2023, Gopuff was fined $6.2 million byMassachusetts Attorney GeneralAndrea Campbell for misclassification of employees asindependent contractors and other state labor law violations.[49][50]

In May 2023, Gopuff lost its license to deliver alcohol in Massachusetts after it delivered alcohol to 19 underage people nearBoston College in 2021.[51]

References

[edit]
  1. ^"Gopuff". March 23, 2023.
  2. ^abBursztynsky, Jessica (July 12, 2022)."Delivery startup Gopuff cuts 10% of its global workforce and closes 76 U.S. warehouses".CNBC.
  3. ^"Gobrands, Inc. :: Delaware (US) :: OpenCorporates".OpenCorporates. June 25, 2015. RetrievedApril 14, 2024.
  4. ^"Gopuff Privacy Center".Gopuff. February 8, 2024. RetrievedApril 14, 2024.The GoBrands Inc. group of companies (operating as "Gopuff"),
  5. ^abDebter, Lauren (August 31, 2020)."Beer, Band-Aids And Ben & Jerry's: Why Venture Capitalists Gave Two 27-Year-Olds $1 Billion To Build The Ultimate Online Convenience Store".Forbes.
  6. ^abDonaldson James, Susan (July 11, 2017)."Late-Night Cravings Inspired goPuff, a Business That's Raised Over $8M".NBC News.
  7. ^Zapkin, Nina (November 21, 2016)."This Fast-Growing Startup Wants to Make Visiting the Convenience Store Obsolete". Entrepreneur.
  8. ^Risher, Wayne (June 9, 2020)."Digital retailer Gopuff brings convenience store to doorstep".The Daily Memphian. RetrievedJune 16, 2020.
  9. ^abcHa, Anthony (March 23, 2021)."'Instant needs' delivery startup Gopuff raises $1.15B at an $8.9B valuation".TechCrunch. RetrievedApril 2, 2021.
  10. ^abcPalmer, Annie (March 23, 2021)."SoftBank-backed delivery start-up Gopuff valued at $8.9 billion in new funding round, more than double from five months ago".CNBC. RetrievedApril 2, 2021.
  11. ^abTanenbaum, Michael (May 7, 2021)."Gopuff acquires U.K.-based Fancy to kickstart international expansion".PhillyVoice.
  12. ^Zakrewski, Cat (June 3, 2016)."GoPuff Raises $5M to Back Delivery of Smokes, Snacks and More".The Wall Street Journal.
  13. ^abHa, Anthony (October 8, 2020)."Delivery startup Gopuff raises $380M at a $3.9B valuation".TechCrunch.Archived from the original on October 10, 2020. RetrievedOctober 8, 2020.
  14. ^"Delivery startup Gopuff valued at $15 billion after latest fundraising".Reuters. July 30, 2021. RetrievedAugust 29, 2021.
  15. ^Annear, Steve (September 11, 2014)."Hookah Delivery Company 'GoPuff' Changes Up Its Business Model". Boston Magazine. Archived fromthe original on August 20, 2017. RetrievedJanuary 9, 2022.
  16. ^DiStefano, Joseph N. (May 8, 2020)."With global cash, GoPuff grows past pot-friendly past; neighbors complain".The Philadelphia Inquirer. RetrievedJuly 1, 2020.
  17. ^Barr, Diana (April 4, 2019)."Need snacks, diapers? On-demand retailer expands delivery to St. Louis".St. Louis Business Journal. RetrievedJuly 1, 2020.
  18. ^Young, Vicki M. (June 3, 2016)."Delivery Service GoPuff Closes $8.25M Series A Round".WWD. RetrievedJuly 1, 2020.
  19. ^Murrell, David (January 21, 2020)."SoftBank Quietly Invested $750 Million in Delivery Startup GoPuff Last Summer".Philadelphia Magazine. RetrievedJuly 1, 2020.
  20. ^Rothstein, Matthew (January 21, 2020)."SoftBank Leads $1B Funding Round For Warehouse-To-Consumer Delivery App GoPuff".Bisnow. RetrievedJuly 1, 2020.
  21. ^Stangel, Luke (August 5, 2019)."Fast-growing Philadelphia startup inks delivery deal with Graduate Hotels".bizjournals.com. RetrievedMay 1, 2020.
  22. ^Tanenbaum, Michael (November 13, 2018)."Finnigan's Wake building in Northern Liberties will house new goPuff HQ". Philly Voice.
  23. ^"30 Under 30 2017: Retail & Ecommerce".Forbes. RetrievedMarch 19, 2018.
  24. ^Fletcher, Heather."GoPuff's Brand Magic - Target Marketing".Target Marketing. RetrievedMarch 19, 2018.
  25. ^Zighelboim, Selah Maya (March 14, 2018)."Drexel Alumni Commission Torah for Campus Chabad".Jewish Exponent. RetrievedJune 16, 2020.
  26. ^Silver, Matt (March 9, 2020)."GoPuff founders fund Drexel Chabad building".Jewish Exponent. RetrievedJune 16, 2020.
  27. ^Ha, Anthony (November 5, 2020)."Delivery startup goPuff acquires BevMo for $350M".TechCrunch.Archived from the original on December 11, 2020. RetrievedNovember 6, 2020.
  28. ^Chang, Andrea (November 5, 2020)."BevMo acquired in $350-million deal as booze deliveries surge".Los Angeles Times. RetrievedNovember 9, 2020.
  29. ^Ha, Anthony (October 8, 2020)."Delivery startup goPuff raises $380M at a $3.9B valuation".TechCrunch.
  30. ^"These are the 2021 CNBC Disruptor 50 companies".CNBC. May 25, 2021. RetrievedJuly 20, 2021.
  31. ^"Gopuff Appoints Betsy Atkins as First Independent Board Member".finance.yahoo.com. April 12, 2021. Archived fromthe original on May 5, 2021. RetrievedMay 5, 2021.
  32. ^Holland, Frank (May 5, 2021)."Uber partners with Softbank-backed Gopuff to deliver everyday essentials, from snacks to toothpaste".CNBC. RetrievedJune 14, 2021.
  33. ^Chapman, Lizette (May 4, 2021)."Uber Taps SoftBank-Backed GoPuff to Expand Grocery Delivery".Bloomberg.com. RetrievedJune 14, 2021.
  34. ^Baker, Liana (June 17, 2021)."Gopuff to Buy Siemens-Backed RideOS in $100 Million-Plus Deal".Bloomberg. RetrievedJuly 20, 2021.
  35. ^Bellan, Rebecca (June 18, 2021)."Delivery service Gopuff acquires rideOS for $115 million".TechCrunch. RetrievedJuly 20, 2021.
  36. ^Bosa, Deirdre; Batchelor, Laura (June 21, 2021)."Delivery company Gopuff acquires Liquor Barn, continuing its retail expansion".CNBC. RetrievedJune 22, 2021.
  37. ^"Liquor Barn Sold to National Delivery Service Gopuff".The Lane Report. June 21, 2021.
  38. ^"McLaren Racing - McLaren Racing announces partnership with instant delivery platform Gopuff".McLaren Racing. February 15, 2022. RetrievedNovember 18, 2022.
  39. ^Davalos, Jackie (October 19, 2022)."Rapid-Delivery Startup Gopuff Fires Hundreds in Third Round of Layoffs".Bloomberg. RetrievedOctober 19, 2022.
  40. ^Wisenberg Brin, Dinah (September 17, 2016)."Delivery start-up goPuff fills overnight needs — and whims". CNBC.
  41. ^Japhe, Brad (April 29, 2020)."These Are The Top-Selling Alcoholic Beverages During The Coronavirus Lockdown".Forbes. RetrievedJuly 1, 2020.
  42. ^Hilario, Kenneth (December 28, 2015)."Local beer delivery company eyes expansion in 2016". Philadelphia Business Journal.
  43. ^Dallke, Jim (July 11, 2018)."Alcohol Delivery App goBooze Launches in Chicago".americaninno.com. RetrievedMay 1, 2020.
  44. ^Hilario, Kenneth (May 10, 2016)."On-demand delivery company launches new 'booze' service in D.C."bizjournals.com. RetrievedMay 1, 2020.
  45. ^Shah, Angela (December 13, 2016)."Philadelphia's goBooze Starts Beer, Wine Delivery in Austin". Xconomy. Archived fromthe original on December 14, 2016.
  46. ^Erlandson, Henry (February 7, 2020)."Convenience store delivery service Gopuff expands with third Twin Cities warehouse".Star Tribune. RetrievedJuly 1, 2020.
  47. ^Lee, Dave (March 27, 2023)."Gopuff turns to rival Uber for rapid delivery help".Financial Times. RetrievedNovember 14, 2023.
  48. ^abcHill, Kashmir (July 3, 2017)."No, Your Phone Isn't Secretly Recording You".Gizmodo. RetrievedJuly 5, 2018.
  49. ^Katie Johnston (March 30, 2023). "AG fines Gopuff delivery company $6.2 million for misclassifying drivers, other violations".The Boston Globe.
  50. ^Wiessner, Daniel (March 30, 2023)."Massachusetts fines delivery startup Gopuff $6.2 mln in worker pay dispute".Reuters.
  51. ^Diti Kohli (May 19, 2023). "GoPuff loses Mass. alcohol license for repeatedly delivering to underage buyers at BC".The Boston Globe.

Bibliography

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External links

[edit]
Meal delivery
Meal kits
Online grocery delivery
Reservations
Defunct
Software
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