Instant delivery startup GoPuff about to be worth $15 billion

GoPuff, a Philadelphia-based instant delivery platform for everyday items, is raising $1 billion in new funding at a $15 billion post-money valuation, Axios has learned from sources close to the situation.

Why it matters: This reflects surging investor interest in hyper-local delivery, as GoPuff raised money at an $8.9 billion valuation earlier this year.

Details: The Blackstone Group is expected to be among a group of new investors, while Fidelity is among those returning.

• All of the $1 billion is expected to be primary capital (i.e., not secondaries), with a final close anticipated for next week.
• Bloomberg first reported on the fundraise, based on a Delaware stock authorization certificate.
• A GoPuff spokesperson declined comment.