Just a couple of weeks after rival Postmates filed to go public, on-demand delivery service DoorDashannounced a $400 million Series F, valuing the company at a whopping $7.1 billion.
What does the big money mean for the crowded on-demand delivery space? The market is growing as a whole, but there isn’t all that much growth share to go around. DoorDash CEO and founder Tony Xu has said as much.