Food Delivery Service Zomato Raises $62M From Temasek

Indian food delivery startup Zomato has raised a $62 million financing round from Singapore’s state investment arm Temasek Holdings. According to the Economic Times, the transaction was made from Temasek unit MacRitchie Investments, which is an existing investor in the food delivery service. The round values Zomato at about $3 billion. It also comes after several […]

Chowbus Nabs Eight-Figure Investment for Asian Food Delivery

Now that meal delivery has expanded far beyond the urban markets that fueled the industry’s growth the last decade, some delivery providers are differentiating themselves with a more selective roster of restaurants. First came Slice, which focuses exclusively on pizza restaurants, and now Chowbus, which just received a $33 million investment to bring its curated […]

Waitr raises nearly $50 million in stock sale, renegotiates debt

Online food delivery company Waitr Holdings Inc. sold $48.3 million of common stock to shareholders, or about 23.6 million shares in recent weeks.  The company expects to use $10.5 million of of that to pay some of its senior secured term loan and the remainder for “operational and growth initiatives” but also general corporate purposes. […]

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 […]

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 […]

New Funding To Make DoorDash A $15B Company

DoorDash Inc. is expected to receive new funding that would value the nation’s largest on demand meal delivery company at $15 billion even before the deal closes, The Wall Street Journal reported. As deals happen across the industry, the San Francisco-based company plans to sell hundreds of millions of dollars of equity to its backer T. Rowe […]