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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.
In November, Gopuff agreed to purchase BevMo! for $350 million. [27] The alcoholic beverage chain has 161 stores in California, Washington and Arizona. [28] [29] In March 2021, Gopuff announced that it had raised $1.15 billion in funding from investors including D1 Capital Partners, Fidelity Management and Research Company, and Luxor Capital.
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A fact from BevMo! appeared on Wikipedia's Main Page in the Did you know column on 14 March 2010 (check views). The text of the entry was as follows: Did you know... that Wilfred Wong, BevMo! ' s cellar master, tastes some 8,000 wines each year for the large retail chain? A record of the entry may be seen at Wikipedia:Recent additions/2010/March.