New funding follows Gopuff’s strongest financial performance in company history, with record revenue, contribution profit, and sustained momentum

The company also announced the appointment of Matt McBrady as Chief Financial Officer

PHILADELPHIA–(BUSINESS WIRE)–Gopuff, the leader in instant commerce, today announced it has raised $250 million in new funding led by Eldridge Industries and Valor Equity Partners, with participation from Baillie Gifford, Robinhood, Equalis Capital, George Ruan, 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.

Gopuff announces it has raised $250M in new funding on the heels of the company’s strongest financial quarter in company history.Share

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.

A New Phase of Growth

Gopuff has built and scaled the largest instant fulfillment network in the U.S. and U.K., 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 capitalize as consumer demand for speed continues to grow.

The new capital will accelerate its investment in AI, consumer experience, and infrastructure expansion, building on Gopuff’s momentum as customers turn to the platform more than ever.

“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.”

Strategic Investments & Strong Results

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, personalization, and customer experience
• Expanded fresh grocery and everyday essentials
• Powered 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

Having established itself as the leader in instant commerce, some of the world’s largest brands, including Starbucks, Disney, Amazon, and Tom Brady, are now tapping into Gopuff’s platform to reach their customers with new products and experiences in as fast as 15 minutes.

“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 offense, and we’re just getting started. The future is bright as we keep raising the bar for our customers.”

Investors also highlighted Gopuff’s transformation and improving fundamentals as key drivers of their conviction.

“Gopuff’s transformation over the past several years has been remarkable,” added Jon Shulkin, Partner and Co-President at Valor Equity Partners. “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.”

Gopuff Appoints Matt McBrady as Chief Financial Officer

Today, Gopuff also announced the appointment of Matt McBrady, Ph.D., as Chief Financial Officer. A seasoned operator and investor, McBrady has held leadership roles at top financial institutions, advised U.S. economic policymakers, and helped take multiple companies public.

He has served as Chief Investment Officer of BlackRock’s Multi-Strategy Hedge Fund Program and in senior leadership roles at Bain Capital and Silver Creek Capital Management, as well as at Axon and aQuantive, where he led both businesses through IPOs and into periods of rapid growth and market leadership. McBrady has also served on President Clinton’s Council of Economic Advisers. Following his time in Washington, McBrady became an award-winning finance professor at the Wharton and Darden Schools of Business.

“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.”

About Gopuff

Gopuff, the leader in instant commerce, offers more than 5,000 products delivered in as fast as 15 minutes. Founded in 2013 by Yakir Gola and Rafael Ilishayev, the company operates its own micro-fulfillment centers, leveraging proprietary technology, a hyper-local logistics network to offer speed, reliability, and affordability to millions of customers across the U.S. and U.K.

To learn more, visit www.gopuff.com or follow Gopuff on Facebook, X or Instagram. Download the Gopuff app on iOS and Android.

About Eldridge Industries

Eldridge Industries invests in businesses across the Infrastructure, Technology, Mobility, Culture, and Luxury & Lifestyle landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge Industries has offices in Beverly Hills, Chicago, Dallas, Greenwich, London, Miami, and New York. To learn more about Eldridge Industries, please visit eldridgeind.com.

About Valor Equity Partners

Valor Equity Partners is an operational growth investment firm focused on investing in high-growth companies across various stages of development. For decades, Valor has served its companies with unique expertise to solve the challenges of growth and scale. Valor partners with leading companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries. For more information on Valor Equity Partners, please visit www.valorep.com.

Contacts

Media Contacts
Gopuff: press@gopuff.com
Eldridge Industries: pro-eldridge@prosek.com

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