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BLACKSTONE INC.

(BX)
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Gopuff Reaches $15 Billion Valuation With $1 Billion From Blackstone, SoftBank and Others

07/30/2021 | 02:02pm EDT

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.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

07-30-21 1401ET

Stocks mentioned in the article
ChangeLast1st jan.
BLACKSTONE INC. -1.57% 125.1 Delayed Quote.93.03%
SOFTBANK GROUP CORP. 2.76% 6627 End-of-day quote.-17.76%
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Analyst Recommendations on BLACKSTONE INC.
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Financials (USD)
Sales 2021 8 878 M - -
Net income 2021 4 611 M - -
Net Debt 2021 3 656 M - -
P/E ratio 2021 33,6x
Yield 2021 2,58%
Capitalization 82 137 M 82 137 M -
EV / Sales 2021 9,66x
EV / Sales 2022 8,56x
Nbr of Employees 3 165
Free-Float 99,2%
Chart BLACKSTONE INC.
Duration : Period :
Blackstone Inc. Technical Analysis Chart | BX | US09260D1072 | MarketScreener
Technical analysis trends BLACKSTONE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 125,10 $
Average target price 118,63 $
Spread / Average Target -5,18%
EPS Revisions
Managers and Directors
Stephen Allen Schwarzman Chairman & Chief Executive Officer
Jonathan D. Gray President, Chief Operating Officer & Director
Michael S. Chae Chief Financial Officer
John Stecher Chief Technology Officer
Jeffrey Iverson Managing Director-Legal & Compliance
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