Investors are losing their appetite for grocery delivery apps

Investors are losing their appetite for grocery delivery apps.

Investors in Gopuff — a Philly-based delivery service that’s backed by Softbank — were eyeing a valuation of up to $40 billion in January as the company enlisted Goldman Sachs to help prepare for an IPO. But investors have lately been scrambling to unload their stakes at valuations as low as $15 billion — and have still been unable to find buyers, The Post has learned.

Gopuff and competitors like Gorillas, Getir and Jokr have burned through billions as they fight for dominance in the rapid delivery space. Despite the startups’ high growth, backers of the companies are getting hosed as investors sour on the industry overall, sources with direct knowledge told The Post.

One Gorillas investor who’s currently trying to sell a stake at a valuation of $2 billion isn’t getting bites — even though the company raised money at a $3 billion valuation as recently as December, a source said.