A bag of groceries with the emblem of American on-demand supply start-up Gopuff.
Gopuff
Supply start-up Gopuff introduced Wednesday that it is bringing on former Disney CEO Bob Iger as an investor and consultant to the $15 billion corporate.
“It is been thrilling to spend time with Gopuff management finding out in regards to the corporate, the founders, and their aspirations,” Iger mentioned in a press unlock at the funding. “I’m excited to advise, mentor, and improve the chief group as they proceed development an organization uniquely designed for a way shoppers are converting and rising. I imagine client trade will probably be very other within the close to long run and Gopuff is development the platform to energy it.”
The phrases of Iger’s funding into Gopuff weren’t disclosed.
Iger stepped down as Disney CEO in 2020 prior to being succeeded by way of Bob Chapek, and he ended his time period as Disney chairman remaining 12 months. In March, CNBC reported that Iger and Chapek had a falling out and the 2 hardly ever communicate — a rift that continues to loom over Disney’s long run.
Extra protection of the 2022 CNBC Disruptor 50
Not like different supply firms, akin to DoorDash and Instacart, Gopuff does not retrieve products from shops’ shops. As a substitute, it has its personal community of micro-fulfillment facilities — mini, high-tech warehouses — stocked with stock. It sells greater than 4,000 pieces from dog food to child merchandise to alcohol and extra. Contract employees select up the orders and briefly drop them at consumers’ doorways in about half-hour. In keeping with Gopuff, 30% of American citizens are inside one mile and a part of a Gopuff success heart.
The corporate ranked No. 27 in this 12 months’s CNBC Disruptor 50 listing.
“Bob Iger is likely one of the maximum vital and visionary industry leaders of this era,” Gopuff co-founder and co-CEO Yakir Gola stated within the unlock. “Gopuff is development a platform designed for the way forward for the patron trade and no person understands shoppers higher than Bob Iger.”
In January, Gopuff introduced that it was once launching its personal line of personal label merchandise — a transfer extra in keeping with Amazon’s e-commerce industry style than DoorDash’s or Uber’s supply platform. The corporate additionally not too long ago partnered with British grocery chain Morrisons, marking its first tie-up with a rival store in Europe.
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