There's widespread skepticism that instant delivery can profitably scale.
Gopuff is telling prospective investors that its model is more Amazon than Uber, as it seeks to fill out a $1 billion convertible note offering, according to confidential materials viewed by Axios.There's widespread skepticism that instant delivery can profitably scale, despite massive investment and customer adoption.Gopuff generated more than $2 billion in revenue last year, with around a $500 million EBITDA loss.
The Philadelphia-based company also says it has more than three million users who bought within the past year, and that its service covers around 30% of the U.S. population.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
GoPuff Launches Line of Private Label Products, Starting With Bottled WaterThe private label industry was a $159 billion market in 2020 and has attracted the likes of traditional and e-commerce retailers like Target and Amazon.
Weiterlesen »
The inside story of how CBS picked John Madden's booth partnerIn the early ’80s, Pat Summerall was among those initially against anointing ... Pat Summerall.
Weiterlesen »
Inside Dungeons & Dragons' new 'Monsters of the Multiverse'As Dungeons & Dragons looks back to the launch of fifth edition, it's laying the groundwork for the future.
Weiterlesen »
Gary school advisory board member Norman Bailey slain inside lounge he ownedNorman Bailey, 60, who was serving his second term on the school board, was praised by board president Robert Buggs. “I call him ‘Norman the quiet storm,’ because he was nice and easy going, but don’t get him riled,” said Buggs.
Weiterlesen »