What is GoPuff and How Did it Become a $15 Billion Business?

Updated: November 19th, 2023
Yakir Gola and Rafael Ilishayev
Founder, Gopuff
$83.3M
revenue/mo
2
Founders
3615
Employees
Gopuff
from Philadelphia, PA, USA
started January 2013
$83,333,333
revenue/mo
2
Founders
3615
Employees
Discover what tools Yakir recommends to grow your business!
Discover what books Yakir recommends to grow your business!
Want more updates on Gopuff? Check out these stories:

At Starter Story, we find and catalogue business case studies from all over the internet, for you! This case study was not conducted by Starter Story, but it has been verified by our team. You can check out the full story here.


Gopuff, a leading food & consumer goods delivery service, was started in 2013 by two Drexel University students, Yakir Gola and Rafael Ilishayev.

Located in Philadelphia, Pennsylvania, the business began as an on-demand hookah delivery business but has now grown to provide food and supplies.

This consumer products delivery business operates on an on-demand basis. The firm mostly fulfills deliveries for food, drinks, alcohol, home essentials, and other necessities you typically find in a convenience shop.

GoPuff's business model is distinct from those of other delivery firms. The firm operates its warehouses, where it stockpiles items and fills orders on demand.

Rafael, born in Russia, began his career at his father’s sandwich restaurant and afterward at a banquet hall that his father had purchased. Yakir, the son of an Israeli immigrant, used to work in his father’s cash-for-gold store.

The genesis of GoPuff began in 2011, when its creators, Rafael Ilishayev and Yakir Gola, met in a Business 101 class at Drexel University in Philadelphia.

In less than a decade, the company has evolved into a multibillion-dollar corporation serving over 1000 locations. In 2021, GoPuff generated $1 billion in revenue, three times what it did in 2020.

GoPuff has raised $3.4 billion over nine rounds, with its latest $1 billion funding round in July 2021. The company is valued at a massive $15 billion.

article

Read the full story on blog.wishpond.com ➜

-  
Yakir Gola and Rafael Ilishayev, Founder of Gopuff
Pat Walls,  Founder of Starter Story
Want to find more ideas that make money?

Hey! πŸ‘‹ I'm Pat Walls, the founder of Starter Story.

Get our 5-minute email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.