GoPuff Revenue and Usage Statistics (2024) (2024)

FAQs

What is the revenue of Gopuff? ›

GoPuff generated $1.2 billion revenue in 2023, a decline of 20% on the previous year.

But Gopuff is in a weaker financial position than DoorDash. Gopuff burned around $400 million in 2023, according to a former executive and another person with direct knowledge of the figures. That was despite a cutback in marketing and discounts.

Additionally, Gopuff's user base has grown significantly, with more than 3 million yearly active users as of January 2022, up from 1.8 million in 2020 and 300K in 2019. The company's mobile application was downloaded 11 million times in 2021, up from 7.1 million in 2020 to 4.4 million in 2019.

GoPuff Revenue and Value

Thanks partly to the pandemic, GoPuff earned $1 billion of revenue in 2021, three times the amount made in 2020.

Gopuff charges delivery fees and take-home profit for the company. Gopuff charges around $1.95 for each order and an additional $2 for alcohol delivery. However, the delivery fee is more when the order is more than $49, and the company generates adequate profit to cover the delivery cost.

Market Share: Gopuff holds approximately 30% of the quick commerce market in the USA​ (Coherent Insights)​. Employee Count: The company employs over 10,000 people across its various operations and fulfillment centers​ (Statista)​.

One of the main reasons behind Gopuff's decision to lay off employees and close warehouses is the need to preserve cash. The company expanded rapidly during the pandemic, but now faces economic pressures that require cost-cutting measures.

Controversies. In March 2023, Gopuff was fined $6.2 million by Massachusetts Attorney General Andrea Campbell for misclassification of employees as independent contractors and other state labor law violations.

The current cuts are an effort to help the company be profitable by 2024, it said in a letter to investors. Gopuff also said it will focus on improving its core business, which is instant delivery, and increasing international investment, especially in the U.K.

Gopuff was founded in 2013 by Yakir Gola and Rafael Ilishayev (co-CEOs), who first met in a Business 101 class at Drexel University in 2011. Russian-born Ilishayev worked at his dad's sandwich shop and later at a banquet hall owned by his dad.

Is Gopuff a unicorn? ›

The Philadelphia-headquartered quick-delivery giant has slowly cut staff since 2022. Gopuff, the quick-delivery convenience tech unicorn, finally got a logo up on its Spring Garden Street headquarters in Philadelphia after nearly five years in the space.

“Gopuff has a stronghold on an extremely coveted demographic: Gen Z and Millennial shoppers,” Folkman said. The data confirm that young consumers tend to opt for on-demand delivery more than their older counterparts.

The revenue Gopuff generated from the sale of goods increased from £40.2m to £71.6m in 2023 while its subscription turnover rose from £638,014 to £1.8m. Delivery revenue also grew from £1.9m to £4.6m.

In their memo, Gola and Ilishayev acknowledged that Gopuff was incentivized to grow quickly amid a bull market over the past two years or so. Around half of the company's approximately 600 warehouses went live over the past year, Bloomberg reported, citing sources familiar with the company's operations.

It also operates in the United Kingdom, following a takeover of Newcastle upon Tyne-based Fancy. As of July 2021, the company was valued at $15 billion. GoBrands, Inc. Philadelphia, Pennsylvania, U.S.

Will Gopuff go IPO? Gopuff has not yet filed for an IPO.