By Josh Beckerman
SoftBank Group Corp.-backed delivery company Gopuff has reached a $15 billion valuation after securing $1 billion of funding to bolster its expansion across North America, the U.K. and Europe.
New investors include Blackstone Group Inc.'s Horizon platform, Guggenheim Investments, Hedosophia, MSD Partners, and Adage Capital, the company said. SoftBank and existing backers Fidelity Management and Research Co., Atreides Management and Eldridge participated in the funding round.
Gopuff delivers items including groceries, alcohol, health products and home and office items. In May, Uber Technologies Inc. announced an Uber Eats partnership with Gopuff.
In June, Gopuff said it would buy rideOS, which provides technology for routing, dispatching and fleet optimization. Gopuff also bought Kentucky chain Liquor Barn.
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(END) Dow Jones Newswires