goPuff’s $1.15B raise is a big deal. Here’s what VCs and founders say it means for Philly

When on-demand delivery company goPuff dropped the news of its $1.15 billion investment this week, it seemed at the same time astounding and yet not: It’s sort of what we’ve come to expect, as the billion-dollar investment is the third massive raise for the company in less than a year and a half. It comes only months after …

Softbank-Backed Startup GoPuff Raises $1.1 Billion To Compete In Delivery Wars

Softbank-backed digital convenience store GoPuff has raised $1.15 billion in capital as it races to compete in the red-hot delivery wars against larger rivals like DoorDash, Postmates and Instacart. The latest round, announced on Tuesday, more than doubles its valuation to $8.9 billion, up from $3.9 billion just last October. It brings the eight-year-old company’s total …

DELIVERY COMPANY WAITR TO LAUNCH WEED DELIVERY MARKETPLACE

Third-party delivery company Waitr wants to bring its customers weed.  The Lafayette, La.-based provider is working with payment processor Flow Payments to “create a compliant marketplace, delivery and payment solution” for cannabis dispensaries, the company announced Thursday. Waitr will handle the logistics and technology, while Flow will contribute its expertise in processing payments for high-risk merchants. Waitr could …

Entrepreneur’s Life-Long Bet On Home Deliveries

“This is my life,” says cannnabis industry CEO Adam Berk. And it is true: Berk is in fact passionate about his job. He has always been. Last year, the vertically-integrated cannabis company he headed, Stem Holdings, acquired Driven Deliveries, the world’s first publicly-owned cannabis delivery company. The resulting corporation, Driven by Stem, boasts a market …

Delivery 2.0: How on-demand meal services will become something far bigger

The U.S. app-based delivery economy took shape in the first half of the 2010s as services such as Instacart, DoorDash, Uber Eats, and Postmates came online and early pioneer Grubhub went public. But it took until this decade for the industry to experience its catalyst event. Seemingly overnight, these apps expanded beyond convenience portals to …

Uber To Acquire Drizly In $1.1 Billion Deal

Uber UBER +1.2% is doubling down on delivery. The San Francisco-based tech giant — best known for its ride-hailing and food delivery services — announced Tuesday plans to acquire Boston-based alcohol e-commerce marketplace Drizly in a cash-and-stock deal valued at $1.1 billion. In a news release, Uber said it would trade more than $900 million worth of stock for …

Uber buys alcohol delivery platform Drizly for $1.1B

Dive Brief: Uber Technologies is buying alcohol delivery startup Drizly for about $1.1 billion in stock and cash, the companies said in a statement. Drizly’s on-demand alcohol marketplace is available in more than 1,400 cities. Bloomberg noted Drizly was valued at $73 million in 2017. Uber said Drizly will eventually be integrated with the Uber Eats app, while also maintaining …

Uber is betting even bigger on delivery

Uber is looking even more like a delivery company than a ride-hailing business. Uber announced Tuesday that it will buy Drizly, an alcohol delivery startup, for approximately $1.1 billion in stock and cash. Following the completion of the transaction,  Drizly will be integrated with the Uber Eats app, while also maintaining a separate app. The sale is …

Uber buying alcohol delivery service with CT clientele for $1.1 billion

Uber is spending $1.1 billion to acquire Drizly, an alcohol delivery service operating across much of Connecticut and the United States. Drizly will be included in the Uber Eats app. It was the second big buy in a matter of months for Uber, after purchasing Postmates on Dec. 1 for $2.7 billion to expand food …

DoorDash Has All The Makings Of The “Next Amazon”

Amazon’s future looked bleak after the tech bubble burst earlier that year. The online shopping pioneer was hemorrhaging cash, forcing it to cut 15% of its workforce. Top fund managers cut Amazon from their portfolios. And over the following year, its stock price sank from $105 to $5. In 2000, Amazon was a small online store selling …