GoPuff to pull out of Spain as q-commerce belt tightening continues

The q-commerce belt tightening continues: US category veteran GoPuff, the Softbank-backed delivery platform juggernaut — which was being valued at $15BN as recently as 2020, and had been rumored to be prepping for an IPO at the start of this year (er, nope that didn’t happen!) — is dialling back its ambitions in Europe.
According to a report in Bloomberg, which cites people familiar with the matter, the speedy grocery delivery player is planning to pull out of Spain in a bid to slim its ops and push for profitability — a move that will also see it put its regional focus

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