• From CNBC:
"If you order potato chips, toothpaste or over-the-counter medication through the Uber Eats app, it will soon be fulfilled and delivered by start-up Gopuff. The two Softbank-backed companies announced a partnership Tuesday … The collaboration will launch in more than 95 U.S. cities next month with a national expansion later this summer. Customers will order through Uber Eats, and that order will be sent to one of Gopuff’s 250 micro-fulfillment centers."
″We built a hyperlocal logistics network of micro-fulfillment centers,” Daniel Folkman, senior vice president at Gopuff, told CNBC on Tuesday evening, “We own all the inventory. We are buying all that inventory from manufacturers and distributors so we are able to fulfill those orders to customers in under 30 minutes, 24 hours a day.”
Folkman added, “We buy the inventory. We sell it for more than we buy it, which is what has made the unit economics of our business much stronger than a number of third-party delivery services, because we’re actually making our money on the product margin, not on the people who deliver it."
