Former Disney CEO Bob Iger invests in delivery startup Gopuff

Gopuff mentioned on Wednesday that Walt Disney’s former chief govt officer, Bob Iger, has invested within the supply startup and would be part of the corporate as an adviser.

Gopuff, which provides speedy supply of an assortment of merchandise together with dwelling care, drugs, pet care, workplace provides, magnificence and wellness gadgets, didn't disclose the dimensions of Iger’s funding.

“I imagine shopper commerce might be very completely different within the close to future and Gopuff is constructing the platform to energy it,” Iger mentioned in an announcement.

Earlier this 12 months, Reuters had completely reported that the SoftBank Group-backed firm had employed funding banks to arrange for an preliminary public providing in the US. 

Gopuff noticed demand explode throughout the COVID-19 pandemic as lockdowns restricted individuals from venturing out.

Gopuff logo
Gopuff noticed demand explode throughout the COVID-19 pandemic.
SOPA Photographs/LightRocket by way of Gett
Bob Iger was Disney's CEO from 2005 to 2020.
Bob Iger was Disney’s CEO from 2005 to 2020.
WireImage

The corporate operates in additional than 1,000 cities in the US and Europe, competing in a crowded market with grocery supply platforms resembling IPO-bound Instacart.

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