Gopuff Tries to Raise Money Again

Gopuff is in search of to borrow as much as $300 million as a money cushion, in accordance with folks accustomed to 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 determine a credit score line, referred to as a revolver mortgage, that may permit Gopuff to rapidly borrow as much as a sure sum of money when wanted, the folks mentioned.