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 […]

Your Fare Raises ‘All Angel’ Round of $2.4 Million

Your Fare, one of the handful of service companies helping restaurant operators make sense of digital delivery, announced a successful venture funding round of $2.4 million. Founder and CEO Chris Monk said the company, which started as a basic accounting tool for online delivery services, has evolved into a more robust offering, including a singular […]

Zomato Raises $150 Mn At $3 Bn Valuation From Ant Financial

Zomato CEO had announced the expected investment last month Ant Financial had 23% stake in the company before this round Zomato may also raise $100-$200 Mn from Uber Online food delivery unicorn Zomato has reportedly raised $150 Mn At $3 Bn valuations from existing investor Ant Financial, which is an affiliate of Chinese ecommerce business […]

How the 27-year-old CEO of delivery app Glovo targeted Uber Eats weak spots to hit a $1 billion valuation

Spanish delivery startup Glovo has raised $167 million in a fundraising round led by Mudabala, the Abu Dhabi sovereign wealth fund. Glovo competes with Uber Eats in some European markets and data suggests it is beating the company in Spain and Italy. The raise makes Glovo the latest startup to reach unicorn status, pushing its […]

SoftBank-backed delivery start-up DoorDash is reportedly being valued at $13 billion as it pulls in more cash

DoorDash is raising $100 million in a new funding round that values it at nearly $13 billion, according to Bloomberg. The SoftBank-backed food delivery start-up has seen its valuation skyrocket as it continues to remain unprofitable. DoorDash, the food delivery start-up backed by SoftBank, is raising a new round of funding that values the company […]

WeWork’s Collapse Could Be a Warning for Food Delivery Apps

The unprecedented collapse of the We Company, which went from a $47 billion debutante to the brink of failure in just a few short weeks, marked a turning point in the stock market. Investors have since become warier of several other recent IPO’s, sending stock prices for a number of them, including Uber (NYSE:UBER) and Lyft, plunging. The market has become skeptical […]

Postmates valuation rises to $2.4B ahead of IPO

Postmates has secured a $225 million investment from private equity firm GPI Capital, bringing the company’s valuation to $2.4 billion, according to Forbes.   The investment comes prior to a rumored IPO for the fourth largest U.S. delivery company. Postmates confidentially filed for the offering in February when its valuation was $1.85 billion and is expected to officially become […]

The Startup That Runs Background Checks on Uber and Lyft Drivers Is Now Worth $2.2 Billion

As Uber and Lyft have grown, their rise has helped buoy another business: Checkr, a startup that runs background checks on gig economy workers. Ride-sharing helped its business take off, but the company is now processing background checks for retailers like Hot Topic to staffing agencies such as Adecco for a total of 42 million reviews and counting. “It’s really driven by the changing […]

Postmates Raises $225M, Now Valued at $2.4B Ahead of IPO

Third-party delivery service Postmates has raised another $225 million in funding, TechCrunch reports. The round was led by GPI Capital and brings the service’s total amount of funding to roughly $1 billion. Postmates is now valued at $2.4 billion. The San Francisco-based company confidentially filed for an IPO in February of this year. At last check, the company […]

Prepping For An IPO, Postmates Raises Another $225 Million

Postmates is receiving another cash injection as the San Francisco-based delivery service prepares to go public, raising an additional $225 million from private equity firm GPI Capital that boosts Postmates valuation to $2.4 billion, up from $1.85 billion in January. The funding round comes at the eleventh hour of a possible IPO for Postmates, a rare move and one […]