Instacart and GoPuff Closed Massive Funding Rounds—Again

Tired: Grocery delivery.

Inspired: Everything delivery.

GoPuff is valued at $3.9 billion after closing a $380 million round, TechCrunch reports.

• Demand for GoPuff’s 30-minute convenience deliveries has—all together now—surged this year. Its fiscal advantage? Buying inventory directly from CPG brands to stock in micro warehouses.
• GoPuff is currently available in 500+ U.S. cities, with plans to enter more.

Instacart more thandoubled its pre-pandemic valuation. After a private funding round, Bloomberg reports Instacart is now worth $17.7 billion.

• Instacart’s on track to process $35+ billion in grocery sales this year, and it’s got ambitions to expand its retail partnerships.
• It currently processes deliveries from beauty (Sephora) to big box (Walmart).

Why it matters: GoPuff and Instacart have slid into a delivery window that services like Amazon Prime can’t meet in every market, all thanks to micro-fulfillment via existing stores and small-format warehouses.