Gorillas has already raised over $ 300 million from investors such as Tencent, DST Global and Coatue Management, reaching a valuation of $ 1 billion in its latest round in March. Some of those existing investors may participate in new rounds.
Spokespersons from both DoorDash and Gorillas declined to comment.
According to Edison Trends, DoorDash has become the largest customer-sponsored food ordering app in the United States with a market capitalization of $ 58 billion.
Investing in gorillas is a rare case where DoorDash buys a minority stake in a similar business. In 2019, we acquired US food delivery company Caviar for $ 410 million in cash and stock.
We also show another important move from DoorDash to increase its presence in Europe, especially Germany. In May, the Financial Times reported that DoorDash had begun. Preparation for launch We have posted 15 jobs for our Berlin-based team.
The gorilla was launched in New York City in May and has expanded to more than 50 cities across Europe in recent months.
For quick delivery services that provide groceries and useful items such as Getir and GoPuff Raise billions This year’s venture capital funding reflects investors’ expectations that the online ordering habits developed during the pandemic will persist as the economy resumes.
Over the past year, several start-ups have emerged in the United States and Europe, promising to deliver from a small local warehouse, or network of “dark stores,” to a customer’s home in just 10 minutes.
The market has already begun to integrate. GoPuff is reportedly in talks to acquire UK-based Fancy and Dija, a similar startup founded by former Deliveroo executives. FT is DoorDash Potential investment Or acquired by some of the European grocery delivery apps.
It’s not yet clear whether DoorDash will incorporate Gorillas into its restaurant delivery service as part of its investment. In May, Uber partnered with GoPuff to offer that option within the Uber Eats app.
DoorDash’s interest comes when Gorillas are faced with the following situations: Negative headlines In the last few months, including protests in Berlin this summer. Some riders complain about unfair dismissal and poor working conditions. Like most competitors, it also continues to make significant losses. Customer data was leaked online following a May breach.
In an interview last month informationSumer, a former Bain consultant, admitted that he had taken a “performance enhancer” while working for a previous startup, but said his drug use was “past.” The two Gorillas co-founders left the company earlier this year.
DoorDash in talks to invest in German grocery app Gorillas Source link DoorDash in talks to invest in German grocery app Gorillas