Trying to do some research on different pre IPO companies to maybe try and get in early for those pre IPO tendies. From what I understand, GoPuff is to CVS, 7/11, and Walgreens what Amazon is to Walmart. They are a courier / delivery service, but unlike doordash, they are vertically integrated. They deliver directly from their own warehouses. They don’t have to send drivers to other places every order to pick something up. You can literally order milk or something and it will show up at your front door 30 mins later from their warehouse. Last quarter their sales volume grew by 400%, and they seem to have been maintaining this kind of growth for over a year. In addition to that, they have 500 warehouses nationwide, and just acquired a delivery company in California which basically opens their expansion in that state. Now they’re in talks to acquire Fancy, a British company, and basically enter and expand into the European market. Am I missing something here? Genuinely looking for more info. To me it screams amazon level potential but I’d like to hear from youse. TC: 135k
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DoorDash is attempting the same strategy of vertically integrated warehouses in parallel with their convenience partnerships. Of course goPuff has a huge head start in this space but DD will probably jump ahead eventually
It already has jumped much, much ahead.
Comparing anything to Amazon is asinine. Amazon is one of the world's largest companies by market cap. Hell is go puff turned into a company the size of CVS, Walgreens etc. it would be a monumental success story.
CVS revenue is $269 billion a year.
DoorDash has already overtaken gopuff https://trends.edison.tech/research/convenience-store-delivery-sales.html
They need a better name
Look up what dashmart is ...
Go puff leadership lack luster - most likely get bought by Uber / DoorDash. Instacart has leadership muscle + foundation to rival amazon + Walmart