Gopuff recently reached $250 million in fundraising, giving it a 96 percent probability of completing an initial public offering, writes Ryan Mulligan for the Philadelphia Business Journal.
Its near lock of complete an initial public offering is according to a new Pitchbook report. This is one of the highest rates in the nation for venture capital-backed startups.
Gopuff was preparing to go public in 2022 before the markets cooled and its co-founders Rafael Ilishayev and Yakir Gola instead decided to target profitability instead.
Between 2022 and 2025, the Philadelphia-based company underwent a number of cost-cutting moves to slim down operations, including several layoffs.
In November 2025, Gola said the company reported its strongest financial quarter since its launch in 2013, putting it “back on offense,” he said.
Throughout its 12-year history, Gopuff has raised almost $5.2 billion.
It recently hired former BlackRock executive Matt McBrady as its new CFO.
Pitchbook uses its VC Exit Predictor to predict a company’s chances of a successful exit. It does so through machine learning and an array of data points, using factors such as deal size, fundraising frequency, headcount, and investor profiles.
Read more about Gopuff and some other companies Pitchbook predicts are likely to complete an IPO in the Philadelphia Business Journal.
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Editor’s Note: This post first appeared on PHILADELPHIA Today in January 2026.
