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It is a wholly-owned subsidiary of GoPuff, after GoPuff announced the acquisition of BevMo! on November 5, 2020. [7] Previously BevMo! was a privately held corporation based in Concord, California. The company was founded in January 1994 as Beverages & More! in the San Francisco Bay Area, and re-branded as "BevMo!" in January 2001.
When an East Coast startup called Gopuff paid $350 million for BevMo in November 2020, it wasn't immediately clear what a tech company planned to do with California's biggest liquor chain.
Slickdeals was founded in 1999. [1] [8] In 2012, Warburg Pincus made an investment in Slickdeals. [8] [9] In 2018, Hearst Corp and Goldman Sachs's private equity subsidiary, West Street Capital, acquired Slickdeals. [8] [10] At the time of the acquisition, Slickdeals had more than 10 million active users. [8] [11]
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