Gopuff celebrates 10 millionth delivery and opens new delivery hub in Center City

From March: Gopuff prepares layoffs as Philly-based delivery service plans possible share sale, report says

from investors in Silicon Valley, New York, Japan and Saudi Arabia, and used the funds to open new centers in college towns and city neighborhoods that attracted young professionals. The pandemic boosted delivery demand further, though analysts say store reopenings and higher finance costs have slowed the industry’s near-term prospects.

Kenney also claimed credit for the city’s “decriminalization of marijuana,” which he said helped attract the company and its young fans. That was a nod to Gopuff’s early marketing campaigns linking snack orders to pot smokers’ midnight appetites. The company has since distanced itself from any association with getting high.

According to a Wall Street Journal report last month, Gopuff was burning more than $100 million a month more than it brought in before the cuts, but still had more than enough investor cash to last through the year. The Journal added that the company is trying to borrow $300 million to boost its cash cushion.

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