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Venture Capital

GoPuff’s Growth Challenge: Grappling With Resident Complaints About Traffic

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Driving around the Philadelphia neighborhood of Callowhill used to be a breeze—until goPuff came to town. Delivery cars now clog the streets around goPuff’s Callowhill distribution center, waiting to pick up their loads of Bud Light, Ben & Jerry’s and Cheetos—all for delivery to their customers who are mostly in their 20s and 30s. 

The traffic, which has so frayed the tempers of residents that it has even led to creation of a Twitter account cataloging complaints, has sparked concern in other areas where goPuff has set up operations, such as Chicago. In at least one instance in that city, resident opposition led to goPuff withdrawing an application for a liquor license, limiting what it can deliver. The reaction shows the challenges faced by the hyperlocal delivery service—which leases many warehouses located close to densely populated neighborhoods—as it launches in new markets.

Source: https://www.theinformation.com/articles/gopuffs-growth-challenge-grappling-with-resident-complaints-about-traffic

Private Equity

European VC major Balderton brings in industry veteran Kellogg as first-ever executive in residence

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Early-stage European VC major Balderton Capital has brought in veteran software executive, advisor and angel investor Da

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Source: https://www.altassets.net/private-equity-news/by-news-type/people-news/european-vc-major-balderton-brings-in-industry-veteran-kellogg-as-first-ever-executive-in-residence.html

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Private Equity

European VC major Balderton brings in industry veteran Kellogg as first-ever executive in residence

Published

on

Early-stage European VC major Balderton Capital has brought in veteran software executive, advisor and angel investor Da

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.altassets.net/private-equity-news/by-news-type/people-news/european-vc-major-balderton-brings-in-industry-veteran-kellogg-as-first-ever-executive-in-residence.html

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Venture Capital

CVC buys into $1.85bn accounting advisory firm CFGI, partners with Carlyle to grow company’s Fortune 1000 client base

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CVC has agreed to acquire a significant interest in their accounting advisory firm CFGI at a valuation of $1.85bn. Carly

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/cvc-buys-into-1-85bn-accounting-advisory-firm-cfgi-partners-with-carlyle-to-grow-companys-fortune-1000-client-base.html

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Private Equity

Blackstone, Vista buy Ellucian from private equity peers TPG, Leonard Green

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Blackstone and Vista Equity Partners have completed a buyout of higher education tech software provider Ellucian from fe

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/100180557.html

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