Gousto, a London-based meal kit delivery startup, raised USD 150 million at a valuation of USD 1.7 billion. The company raised USD 100 million in equity financing from Softbank’s Vision Fund 2 and USD 50 million of new debt from HSBC and Barclays. The round brings Gousto’s total funding to USD 361.5 million.

Gousto plans to use the funds to 1) launch its fifth automated and AI-driven fulfillment center near Birmingham, London, and 2) increase capacity by 40% in the other four automated fulfillment centers, 3) to double its workforce to 2,000 employees.

In 2021, Gousto became a certified B corporation, and to further its sustainability goals in 2022, the company plans to make all Gousto branded packaging reusable and recyclable. A study by the environmental services company, Footsteps, suggested that meals supplied by Gusto produced 23% lesser carbon emissions than those supplied from supermarkets.