Gopuff Tries to Raise Money Again

Gopuff is looking for to borrow up to $300 million as a money cushion, in accordance to folks conversant in its plans, because it tries to navigate slowing development in its instant-delivery enterprise, falling valuations for tech corporations and a weakening economic system.

The SoftBank Group firm is nearing an settlement with bankers to set up a credit score line, often known as a revolver mortgage, that may enable Gopuff to shortly borrow up to a sure amount of cash when wanted, the folks mentioned.