DoorDash Has Big Plans for Its Recent SoftBank-Led $535 Million Funding

DoorDash won’t be getting into the marijuana delivery business anytime soon, but nonetheless the Silicon Valley startup has high aspirations for its next chapter.

Earlier this year, the five-year-old food delivery company got a $535 million investment from SoftBank, Sequoia Capital and Singaporean sovereign wealth fund GIC, giving DoorDash a $1.4 billion valuation—as well as ammunition to serve even more cities and markets to stave off ever tougher competition.

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