Drizly, LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Drizly, LLC - overview
Established
2012
Location
Boston, MA, US
Primary Industry
Internet
About
Based in Massachusetts, US, and founded in 2012, Drizly, Inc. operates an e-commerce platform intended to deliver alcoholic and other related beverage products. The company was co-founded by CEO Cory Rellas and Justin Robinson. In February 2021, the company agreed to be acquired by Uber Technologies Inc.
for USD 1. 1 billion, upon completion of the transaction, Drizly will become a wholly-owned subsidiary of Uber. Drizly provides an online liquor retail platform that sells liquor, mixers, and garnishes products, and delivers in under 60 minutes. Drizly allows its customers to browse thousands of new, international, and local alcoholic and liquor products using their mobile application.
Drizly generates revenue by partnering with over 1,400 local retailers to provide a wide selection of liquor to its 100 million customers across the U. S. and Canada. Drizly plans to innovate and expand independently in its sector, while also gaining access to the mobile marketplace technologies of food delivery and ridesharing platform.
Retailers on Drizly will be able to benefit from Uber’s routing technology and significant consumer base.
Current Investors
Polaris Partners, Fairhaven Capital , First Beverage Group
Primary Industry
Internet
Sub Industries
Food & Beverage Distribution, Internet, Application Integration Software
Website
www.drizly.com
Verticals
E-commerce, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Drizly, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Drizly, LLC | - |
Displaying 1 - 1 of 1
Drizly, LLC - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.