Tony Xu, the founder and CEO of $13 billion DoorDash, said the hardest funding round to raise was the first. Here’s what he learned from the experience.

The hardest funding round DoorDash CEO Tony Xu ever had to raise for his company was its seed round, he told Business Insider in a recent interview. After DoorDash graduated from a startup accelerator program, Xu spent more than 10 weeks trying to raise funding for his nascent company, and money grew short. The company […]

Why Blue Apron Stock Soared 100% Amid a Market-Destroying Pandemic

If there’s ever a silver lining in this life-destroying, economy-crippling coronavirus pandemic, it would be the resurgence of dying meal kit startup Blue Apron, at least for now. As major U.S. cities, including New York, Los Angeles and Seattle, rush to order restaurants to suspend dine-in service and limit orders to take-outs and delivery only this week, […]

California might crack down on delivery app shenanigans

Have you ever ordered dinner through an app, only to watch your driver circle around and cancel on you? You might be ordering from a restaurant that’s not even open, or doesn’t know it’s listed on that app. In January, we wrote about restaurants that were added to GrubHub without their knowledge or consent, spotlighting a Twitter […]

What Does DoorDash’s IPO Mean for Grubhub?

DoorDash surpassed Grubhub (NYSE:GRUB) as the top food delivery platform in the U.S. last year. It controlled 38% of the market in January, according to Second Measure, while Grubhub and Uber (NYSE:UBER) Eats held 31% and 20% shares, respectively. DoorDash hit a valuation of nearly $13 billion after its last funding round, and it recently filed confidential paperwork for its long-awaited IPO. DoorDash’s […]

Grubhub and other delivery programs collide because of unauthorized restaurant listings

A random Google search last week led Andrew Moyes to a Grubhub site offering shipping Moo’s Craft Barbecue, smoked popcorn specializing in beef brisket and jalapeño cheddar sausages. But there was one problem. Mujozi is the cook and owner of Mui. As far as he knew, Moe had never executed a delivery order during the three […]

DoorDash Faces Its Latest Challenge: Wooing Wall Street

The food delivery app is losing money, battling rivals, facing lawsuits — and trying to go public. What could go wrong? SAN FRANCISCO — DoorDash, the leading food delivery app in the United States, has its fans. Hungry people. Busy people. Lazy people. It also has its share of enemies: Regulators who have poked holes […]

Great NH restaurants seeking to block DoorDash, GrubHub with lawsuit

BEDFORD — Great New Hampshire Restaurants hopes to distance itself from two popular food delivery services — DoorDash and GrubHub — and has gone as far as filing a lawsuit in U.S. District Court against the two companies. The suit claims trademark infringement, unfair competition, injury to business reputation, and false and deceptive business practices. […]

Pittsburgh restaurant fights against food delivery apps, claim they hijacked their menu

Pittsburgh restaurant fighting food delivery apps, claim they hijacked their menu PITTSBURGH — A local restaurant is calling out several food delivery service apps, claiming their menu was hijacked and they’re being forced to participate in the take-out service. It all came to a head with a heated confrontation this week between a GrubHub driver and […]

DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO

The on-demand food delivery wars continue to heat up in the U.S. DoorDash announced today that it has filed confidentially to go public. The company noted that its Form S-1, a draft registration statement, was filed with the SEC and is now being reviewed. It did not say how many shares it would potentially sell, the share […]

DoorDash files to go public in latest IPO test for unprofitable startups

(Reuters) – DoorDash Inc, the loss-making U.S. food delivery startup backed by SoftBank Group Corp (9984.T), said on Thursday it has filed for an initial public offering (IPO), setting it up to be one of the most high-profile listings of 2020. The IPO will be yet another test of investor appetite for unprofitable Silicon Valley […]