Food delivery service Gopuff has secured $1 billion in funding from global investors.
The investors including MSD Partners, Blackstone’s Horizon Platform and Guggenheim Investments contributed to the platform.
The financial injection has brought the delivery company up to a $15 billion valuation.
According to Gopuff, the funds will go towards strategic business initiatives, technology and the expansion of its global team.
It intends to expand its operations across North America and increase its UK and European presence, while seeking out fresh talent and enhancing its technological capabilities.
The platform has also acquired several new companies since its last round of fundraising in March, which include last-mile delivery service Fancy and transport startup rideOS.
“As Gopuff continues to define the Instant Needs economy, we are thrilled to have new leading global partners onboard, along with the support of our longtime investors”, Gopuff co-chief executive and co-founder Rafael Ilishayev said.
“This funding round is further validation of the success of our model and will enable us to continue to do what we do best: deliver an unmatched customer experience.”
Gopuff co-chief executive and co-founder Yakir Gola added: “We have truly doubled down on our key business priorities, accelerating our geographic expansion by entering new markets in the US and abroad, innovating for our customers, and continuing to invest heavily in our technology, our people, and our partners.
“We look forward to continuing to enhance the customer experience and to bring the magic of Gopuff to new customers around the world.”