Why a DoorDash IPO Might not Deliver for Investors

Food delivery leader DoorDash filed for an initial public offering in February, which was bad timing for a listing announcement, but prescient since it would benefit from the lockdown orders that would soon follow. While its market debut was delayed, the company still seems to be preparing for a public entrance as it raised $400 […]

How food delivery upstarts are fighting the tyranny of Grubhub

“The pandemic really just crushed us,” says Sean Li, cofounder of CaterCow, a platform that partners with restaurants to deliver big batch buffet-like food options primarily to offices and event spaces across eight major U.S. cities. When most nonessential businesses shut their doors in mid-March and people started working from their living rooms, Li says he […]

Delivery wars: How will DoorDash maintain its third-party delivery lead

Competition among third-party delivery companies is growing stronger by the day. Grubhub was recently gobbled up by Just Eat Takeaway from the Netherlands. Uber Technologies, snubbed by Grubhub, is instead buying Postmates. What does that mean for the No. 1 delivery player in the U.S., DoorDash? “I think it’s exciting times in the delivery space,” Tom Pickett, […]

‘Ruthlessly woke’: How Uber can redeem itself—and demolish Lyft

The first time I met Travis Kalanick, the cofounder and then CEO of Uber, he explained his vision in three blunt sentences: “One day, no one will own a car. Cars will drive themselves. And they’ll come to you at the push of a button.” Like any venture capitalist, I hear endless pitches from starry-eyed […]

How the Uber and Postmates Merger Impacts the Industry

The food delivery market is quickly changing, and restaurateurs nationwide are left wondering how this evolution will affect their industry. On Monday, Uber and Postmates officially announced their $2.65 billion merger, which is scheduled to close in Q1 of 2021. This means the U.S. third-party delivery market has slimmed from four major players to three, with […]

Uber Eats offers NYC restaurants a break on fees

The food delivery wars are back on. Just three weeks after its offer to buy Grubhub crumbled, Uber is going on the offensive with a plan to steal its former potential partner’s Big Apple clients, The Post has learned. Starting on Tuesday, Uber’s food delivery arm, Uber Eats, began telling New York City eateries that […]

After losing Grubhub, Uber reportedly hails Postmates

Uber  has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago, the ride-hailing […]

DoorDash scores valuation of $16 billion as coronavirus pushes it to top of food-delivery chain

DoorDash has raised an additional $400 million in equity financing led by Durable Capital Partners and Fidelity, pushing its valuation to $16 billion, Axios reported. Since Covid-19 lockdown orders were issued across the U.S. in mid-March, DoorDash’s sales have surged placing it well above rivals such Grubhub and Uber Eats. DoorDash ranks No. 12 on […]

DoorDash Raises Another $400 Million Ahead Of Its Public Listing

The food delivery wars remain heated amid a coronavirus-induced boom in business. Last week, GrubHub agreed to be acquired by European company Just Eat Takeaway for $7.3 billion. On Thursday, DoorDash announced $400 million in fresh capital. This latest fundraise elevates the San Francisco-based startup’s valuation to nearly $16 billion, according to a company press release. DoorDash, which […]

How The Grubhub Merger With Just Eat Takeaway Affects The U.S. Food Delivery Market

Rumors of an Uber/Grubhub merger swirled for nearly a month and no doubt such a tie up would have had major implications on the domestic market. The very idea of this combined company’s market share advantage spawned concerns over even higher commission fees, a significant pain point for restaurant operators increasingly reliant on delivery services.    […]