Gpcm UPS Profits Triple On eCommerce Surge
Delivery startup Gopuff is prepping for an initial public offering IPO and is working with banks Goldman Sachs and Morgan Stanley on its planned float, which is expected later in 2022, Bloomberg reported on Wednesday Jan. 26 , citing unnamed sources with insider information.Backed by Softbanks Vision Fund, Accel, Blackstone, Baillie Gifford, D1 Capital Partners, and singer Selena Gomez, among others, Gopuff was valued at $15 billion last year. The sources said plans for the IPO were te
stanley water bottle ntative and could be revised. Gopuff has raised over $3.5 billion in equity funding to date.See also: Delivery Platform Gopuff Launches Private LabelGopuff issued a $1.5 billion pre-IPO convertible note in December 2021 led by investor Guggenheim Partners, with participation by other debt holders. The note will convert to shares at either the IPO price or at a maximum valuation of $40 billion, the sources told Bloomberg.Founded in 2013 in Philadelphia by Drexel Unive
stanley de rsity students Rafael Ilishayev and Yakir Gola, Gopuff has grown its footprint across the U.S. and parts of Europe and operates in 1,000 cities. For a flat $1.95 delivery charge, the company delivers everyday essentials that include numerous products in multiple categories, in under 40 minutes.Read more: Fas
stanley cup t Delivery Startup Gopuff Expands to 10 UK CitiesGopuff doesnt shop for customers product requests in local stores. Instead, it operates more than 600 warehouses that serve as fulfillment centers. The startup works with RangeM Uudo Grab Fined For Privacy Breach For The Fourth Time
Santander, a Spanish bank, and eBay have teamed up to offer lending services to small businesses, in an attempt to stave off competition from not only larger companies but smaller ones as well, according to a report by the Financial Times.A FinTech app owned by Santander called Asto will begin to offer loans to about 200,000 small and medium-sized businesses SMBs through eBay in the U.K. by the end of the year. Asto will be able to use eBays metrics data on cash flow and sales to help pick potential customers and help with its credit decision process. Working with eBay, Asto will empower small business owners with secure access to funds in a matter of minutes from their phone, versus traditionally several weeks, said Asto Chief Executive Sigga Sigurdard贸ttir.Asto is one of many different projects being developed by Santander as a part of its 鈧?0bn technology investment plan, meant to comb
stanley hrnek at tech groups big and small that are competing in the same space.Other projects include a digital bank called Openbank thats expanding into Germany, Netherlands and Portugal later in the year.Business lending is a ripe sector for
kubki stanley banks as it tends to be less regulated that consumer lending. Its not the first company to offer such services, either. Amazon gives
stanley kaufen loans to select companies that operate on its marketplace, and Square and PayPal are also moving forward into the space, next to lending specialists like OnDeck and Funding Circle. Just last week, PayPal said it had passed a milesto
