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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Go Store Burglarized Inside Ogilvie Transportation CenterSomeone broke into the Amazon Go store in Ogilvie Transportation Center Center early Sunday morning, police say. ' ?
Source: cbschicago - 🏆 546. / 51 Read more »
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.
Source: nbcchicago - 🏆 545. / 51 Read more »
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.
Source: SFGate - 🏆 534. / 51 Read more »
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.
Source: Gizmodo - 🏆 556. / 51 Read more »
Inside Chicago and Stormi's Barbie and LOL Doll Themed 4th Birthday PartyKylie Jenner shows off her big bump in skintight pink bodysuit pics (via toofab)
Source: TMZ - 🏆 379. / 59 Read more »
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.
Source: chicagotribune - 🏆 8. / 91 Read more »