DoorDash delivers 86% gain in stock market debut

DoorDash shares soared in its initial public offering Wednesday, capping a year of explosive growth for the food delivery company. What’s not yet clear is whether DoorDash can keep the momentum going even if delivery demand eases in a post-pandemic world. The San Francisco-based company raised $3.4 billion in the offering, making it the second […]

DoorDash: The Most Ridiculous IPO Of 2020

Is it a coincidence that DoorDash (DASH) filed for its IPO so soon after vaccines for COVID-19 were announced? I think DoorDash’s current investors and bankers recognize that the window of opportunity to IPO this terrible business closes quickly when the threat of COVID-driven lockdowns no longer drives growth in food delivery demand. With the latest S-1 […]

DoorDash Shareholders Could See 816% Return from IPO

The expected DoorDash IPO is set for December 8, when the company hits the public markets. It filed a detailed prospectus (S-1) in mid-November (which you can read all about here). In short, the company reported $1.9 billion in revenue and a loss of $149 million in the last nine months. That’s more than double […]

DoorDash IPO Could Make CEO Tony Xu And Cofounders Billionaires

Food delivery app DoorDash is going public, and if all goes according to plan, its CEO, Tony Xu, and two other cofounders will all become billionaires. The 36-year-old Tony Xu is leading the delivery app’s push for an initial public offering likely before year-end that would boost his net worth to just over $1 billion […]

DoorDash seeks valuation of up to $32 billion in IPO, double what it was in June

Food delivery app DoorDash is looking to raise up to $2.8 billion in its IPO, which would value the company at $32 billion on a fully diluted basis, the company revealed in a new filing Monday. DoorDash plans to list 33 million shares at a price between $75 and $85. The company will list its […]

Alex Canter Talks Ordermark and Nextbite’s $120M War Chest

As the founder of Ordermark and its Nextbite virtual restaurant platform, Alex Canter has become one of the biggest names in the delivery space. Now that SoftBank has invested $120 million in his vision, Canter’s stature is expanding on expectations that one of its delivery-only concepts will perhaps become the next Domino’s Pizza—no pressure. While […]

SoftBank Doubles Down on Delivery with $120M Ordermark Investment

SoftBank, the Japanese private equity firm that has been a major backer of DoorDash and Uber, announced a $120-million funding round for L.A.-based Ordermark to help the online order management provider and virtual restaurant operator grow and expand its offerings. “2020 has been a tough year for restaurants and that’s why we’re focused on providing […]

Lunchbox raises $20M to help restaurants build their own ordering experiences

With many restaurants forced to rely entirely on the delivery and takeout business during the pandemic, there’s been a lot of discussion about whether the industry can survive while paying hefty fees to delivery platforms like Uber Eats and Grubhub. Lunchbox, on the other hand, is a startup that allows restaurants to build ordering experiences on their […]

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 […]