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 […]

DoorDash Taps Banks for $400 Million Ahead of an IPO

DoorDash, the app-based food-delivery service, is in talks with banks about arranging a credit facility of about $400 million ahead of a possible initial public offering, according to people with knowledge of the matter. The San Francisco-based company may seek to offer shares as early as next year, said the people, who asked not to […]

Report: DoorDash In Talks to Secure $400M Ahead of IPO

DoorDash is in talks with banks to open a line of credit for $400 million ahead of a possible IPO, according to an article published on Bloomberg late Thursday. As the article notes, securing a line of credit from Wall Street is common before an IPO. Sources for the Bloomberg article, who were not identified because the […]

Ordermark raises $18 million to help restaurants manage disparate delivery platforms

… Now, months after moving its headquarters to a 7,200-square-foot office in Culver City (while keeping a Denver office), Ordermark is gearing up for growth with a fresh capital infusion. The startup today revealed that it recently closed an $18 million series B funding round led by Foundry Group, with participation from previous investors TenOneTen […]

DoorDash, now valued at $12.6B, shoots for the moon

…DoorDash was currently seeing 325 percent growth year-over-year, he said, pointing to recent data from Second Measure showing the service had overtaken Uber Eats in the U.S., coming in second only to GrubHub. “I think the numbers speak for themselves,” Xu said at the time. “If you just run the math on DoorDash’s course and speed, we’re […]

DoorDash valued at $12.6 billion after latest funding round

(Reuters) – Food delivery company DoorDash said on Thursday it raised $600 million in its latest round of funding, valuing the California-based startup at $12.6 billion. DoorDash, which has partnered with Chipotle Mexican Grill Inc and burger chain Wendy’s Co to deliver hot food ordered on its smartphone app, said its business grew more than […]