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 […]

What Happens When Third-Party Apps Become the Competitor?

DoorDash’s recent move should raise a few eyebrows. Although the company partnered with leading convenience retailers in early April, DoorDash deployed its own competing offer in six major cities. Each of the more than 2,000 items available from a brand called “The Convenience Store” are actually delivered from their own “dark stores.” For those unfamiliar, dark stores […]

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, […]

The Delayed DoorDash IPO Appears Imminent and Impressive

DoorDash, a leader in on-demand food delivery platforms, is currently ranked No. 12 on CNBC’s 2020 Disrupter’s 50 list. Earlier in the year, the company filed for an IPO (Initial Public Offering) but it was subsequently delayed due to the impact of the novel coronavirus. However it wouldn’t be surprising to see DoorDash stock hit the markets this […]

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 […]

San Francisco’s district attorney sues DoorDash for alleged unfair business practices

DoorDash, the high-flying food delivery startup, was sued by San Francisco’s district attorney Tuesday for alleged unfair business practices and worker misclassification. It was the latest legal challenge targeting a gig economy company in California since the passage of the state’s first-in-the-nation worker misclassification law. In a statement, San Francisco District Attorney Chesa Boudin accused […]

DoorDash could surpass $15B valuation with rumored new funding

DoorDash is reportedly nearing new funding that would value it at over $15 billion before the cash infusion, according to The Wall Street Journal, which cited people familiar with the manner. The company is expected to sell hundreds of millions of dollars of equity to existing investor T. Rowe Price Group, Fidelity Investments and others. SoftBank’s […]

DoorDash Close to Securing More Funding, $15B Valuation

DoorDash is close to securing a new round of funding that would value the company at over $15 billion, according to the Wall Street Journal, which cited sources close to the matter.  The delivery service plans to sell hundreds of millions of equity to its exiting backer T. Rowe Price Group Inc. as well as Fidelity […]

Delivery Services See Continued Growth

Since the start of the pandemic, delivery developments have continued to make headlines in foodservice and retail with a renewed interest in investments. Foodservice DoorDash Inc. is close to securing new funding that would value it at more than $15 billion before the infusion, reported The Wall Street Journal (June 11). The company plans to sell hundreds of millions […]