(Photo by Juliana Reyes)
This Friday, the company announced the closure of that funding round with an additional $5 million investment from Anthos, for a final Series A of $8.25 million
Rafael Ilishayev, goPuff’s cofounder, said the investment will go towards launching an “aggressive” marketing campaign as the company, currently present in nine markets, plans its expansion.
“On each city we go to, we’ll be doubling up,” Ilishayev said. “We’ll be in roughly 18 new cities by the end of the year, with another three coming in the next six weeks.”
Here’s why this is such a major announcement: in an already crowded delivery market (featuring Postmates, Instacart, Favor and the like), a 2x expansion for the 40-employee operation is risky business.
Looks like it’s sink or swim time for goPuff.-30-
‘The Culture Delivered’: Philly startup Black and Mobile appears in Pharrell and Jay-Z’s ‘Entrepreneur’ video
Black and Mobile’s new app from JumpButton Studio will help it move even faster
How delivery biz goPuff is managing increased demand amid COVID-19
Startup Misfits Market is hiring 100 people to keep up with food delivery demand
Sign-up for daily news updates from Technical.ly Philadelphia