San Francisco reaches $5 million labor settlement with DoorDash

San Francisco just received its largest labor-related settlement in history from food delivery app DoorDash. San Francisco officials announced Monday that the city had secured a $5.32 million settlement from DoorDash after an investigation into the food delivery app’s labor practices. The payout is now expected to be distributed to 4,500 workers in the San Francisco area. …

Is DoorDash Making a Mistake Expanding Into Europe?

Key Points DoorDash is buying a European food delivery company. The all-stock transaction will give DoorDash access to 22 more countries, including Germany and Japan. The acquisition, Wolt Enterprises, has big revenue gains but is still generating net losses. In a bold expansion move, food and retail delivery company DoorDash (NYSE:DASH) announced its acquisition of Finnish delivery company …

DoorDash to Acquire Wolt for $8 Billion

Consolidation continues in the delivery sector. DoorDash announced it has agreed to acquire Wolt (pronounced “volt”), a Helsinki-based delivery firm in an all-stock transaction that values the company at approximately $8.1 billion. If the proposed merger goes through, it will be the largest in the meal delivery space. “This partnership is really about acceleration and …

McDonald’s Launches McDelivery Via DoorDash, Uber Eats

McDonald’s  (MCD) – Get McDonald’s Corporation (MCD) Report announced its revamped delivery service McDelivery as part of strategic partnerships with with DoorDash DASH and Uber Eats  (UBER) – Get Uber Technologies, Inc. Report. Customers will be able to order directly through the McDonald’s app as the company says the move is a key driver for its growth strategy through the …

DoorDash, Grubhub add self-delivery flexibility

Dive Brief: DoorDash has added a “flexible fulfillment” feature to its self-delivery product first introduced last year, enabling partner restaurants to use DoorDash driver or in-house delivery staff to complete DoorDash orders, according to a press release emailed to Restaurant Dive.  Meanwhile, Grubhub has launched a new “supplemental delivery” feature, expanding self-delivery restaurants’ delivery boundaries on its marketplace so such …

McDonald’s makes new white label deals with DoorDash, Uber Eats

Dive Brief: McDonald’s announced on Monday new global partnerships with DoorDash and UberEats that will grow its McDelivery channel, which was first launched in 2017, in the U.S. and around the globe. DoorDash will power delivery orders placed on the McDonald’s app through the company’s white label product, DoorDash Drive, while Uber will power orders through the McDonald’s app through its …

Food delivery’s M&A frenzy is just getting started

Food delivery companies are hungry for more. DoorDash announced yesterday (Nov. 10) it is buying Wolt, a Helsinki-based food delivery startup, in an all-stock transaction valued at $8 billion, marking the latest consolidation in the food delivery market. The deal will help DoorDash, which is the market leader of the US food delivery market, expand its international presence. Wolt, …

DoorDash to buy Wolt in $8 billion+ deal

DoorDash Inc said on Tuesday it would buy Finland-based rival Wolt Enterprises OY in an all-stock deal valued at about 7 billion euros ($8.09 billion), as the biggest US food delivery expands into Europe. A pandemic-driven boom in demand for services offered by DoorDash and rivals is expected to ease in the coming months, but …

The qualities DoorDash CEO Tony XU looks for in hires, and his secret to snagging top talent

Tony Xu outlines DoorDash’s attributes of excellence for recruiting talent in an interview on the “The VC 20 Minute” podcast. Noam Galai/Getty Images for TechCrunch When DoorDash was first founded in 2013, CEO Tony Xu focused on hiring people with more talent than experience. In that time, Xu created a recruiting playbook which he considers …

From DoorDash To Huawei: Business Model Revolution

It used to be that we could excuse most CEO’s for not being more involved or supportive of innovation, because they typically did not come from a technical background. That excuse became invalid when business models became de rigueur for strategy discussions. Almost every day, now, the business press features unfamiliar, non-technical, competitive moves by insurgents revitalizing …