Gopf, an “instant” grocery delivery startup that has been erupting over the past few months for an acquisition and expansion to grow its business, is also in the race to raise money to accelerate the effort. Documents hidden by the Prime Unicorn Index and shared with TechCrunch show that the startup has filed papers in Delaware to raise up to $ 750 million in Series H rounds – if all shares are issued.5 at an valuation of 13.5 billion.

We have reached out to the company to confirm the details, and to confirm whether the round is closed, and we will update as we learn more. The spokesperson did not respond to emails and phone calls prior to the release.

Like all Delaware filings, they only tell part of the story, and the company can raise more or less before the round finally closes.

In terms of some funding, Gopf raised 1. 1.15 billion in March alone, valued at 8.9 billion. And that round came months after the valuation of 380 million rounds (3. 8.38 billion). With Goff’s instant grocery model comes instant funding, it looks like: three rounds together will provide about 2. 2.25 billion in 10 months space. (The company’s previous round of investors included Assel, D1 Capital Partners, Fidelity Management and Research Company, Bailey Gifford, Aldridge, Rainvent Capital, Luxor Capital and Softbank.)

Like the race for investment in the transportation-on-demand market, instant grocery funding aims to scale as quickly as possible to create technical, operational and consumer pits.

So for Gopf, some of the money raised so far has been used to expand organically. That is, it is investing in gaining new customers and building its infrastructure – riders, “dark” stores stock up with their products, and more recently “gopf kitchens” – in 650+ US cities where it already has its તેનું 1.95 runs flat. Fee “in minutes” delivery service. It will probably do so at a fast pace, keeping in mind that others like Durand are also eagerly competing for the same model for fast delivery of limited selection of food and beverages, household necessities and over-the-counter. Medicine.

But at the same time, some of the cash that is collected is used for acquisitions. Yet, this U.S. Is limited to and to expand the width of the gopf in that market. It bought alcohol retailer Bevmo in November 2020 for 350 350 million; And in June of this year Gopf acquired logistics tech company RideOS for log 115 million.

At a later stage in the acquisition process, it looks like it could focus on locating similar companies in key markets where Goff wants to be in the future, especially internationally, as it serves to fulfill its alleged ambition of reaching 1 1 billion in revenue. Years (3x last year’s number)

In June, there were rumors around that Gopf had approached Flink, an instant grocery player in Germany. While it hasn’t gone anywhere (yet?), Relevant sources have told us – and, it seems, others – that Gopf is also taking an international look at England, and participating in discussions outside of two different instant delivery companies. London, first fancy in February, and more recently, DJ.

London is a very competitive market for instant grocery delivery at the moment – not least because it is crowded and often difficult to navigate, the customer has a strong appetite for on-demand delivery services, and the population of decent people is a bit for convenience. The amount of disposable income to pay more.

It speaks of opportunity, but perhaps too many optimists. In addition to Dija and Frances, we have the Turkish Gator, chosen by Sequoia and many others at the moment on an ambitious international role; Gorillas (like Flink, from Berlin); Zap; And VZ – Delivery of all “instant” groceries. And these are just standalone, new startups. Still to come: established restaurant delivery players like Deliverers who might even throw their hats into the ring.

Perhaps surprisingly, looking at that area, we’ve heard that Dija is struggling to raise more money, and that has led the startup to look for buyers as an alternative.

That’s a trend that’s going on elsewhere as well: Spain’s Gatierre acquired the block earlier this month, another new instant player struggling to get investors on board. We confirm with legendary sources that Dija also spoke to Gator in this regard before Gopafe entered the picture (she went nowhere). Probably. There will be more in this.

“It’s going to be a bloody day,” one big investor recently told me about the instant grocery market.

Given that groline groceries are a relatively insignificant part of the market – despite the impact of epidemics and its habit-change on e-commerce, it is still below 10%, in most adoption-friendly cities – much remains to be done in “instant” groceries. To play. But if this latest round shows us anything, it is that the most promising people from these delivery companies will continue to raise more money to put themselves as consolidators within it.

Additional reporting: Natasha Lomas