Gopuff Tries to Raise Money Again

by | Aug 30, 2022 | Business

Gopuff is seeking to borrow up to $300 million as a cash cushion, according to people familiar with its plans, as it tries to navigate slowing growth in its instant-delivery business, falling valuations for tech companies and a weakening economy.The SoftBank Group company is nearing an agreement with bankers to establish a credit line, known as a revolver loan, that will allow Gopuff to quickly borrow up to a certain amount of money when needed, the people said.

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