DoorDash Inc., the largest food delivery company in the U.S., has ended talks to invest in Gorillas Technologies GmbH after disagreements with the German delivery startup over expansion plans, according to a person familiar with the matter. The San Francisco-based company was discussing investing $400 million in a deal that would have valued the startup at $2.5 …
Continue reading “DoorDash Talks to Invest in Grocery Startup Gorillas Ends”
The American meal delivery company Doordash has European ambitions. It wants to realise these by investing in the Berlin-based express grocery delivery service Gorillas, also active in Belgium and the Netherlands. Growth money Bloomberg reported that Gorillas was looking for fresh capital to open warehouses in new cities a few months ago. The Berlin start-up was aiming for …
Continue reading “Meal delivery company Doordash has its eyes on Europe”
Last week the Financial Times reported that third-party delivery giant DoorDash was in talks to buy a stake in German speedy grocery delivery startup Gorillas. While there weren’t a ton of details, such as how big any such stake would be, a follow-up story from Axios said the deal could give DoorDash the option to acquire a controlling interest …
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10-minute grocery startup Gorillas is in talks to raise a new funding round led by US’s largest food delivery company DoorDash at a valuation far below what it had hoped earlier this year. Two sources told Sifted that the Berlin-based startup was expecting to raise at a $2.5bn valuation, which is far below the $6bn …
Continue reading “Gorillas in talks to take DoorDash investment at a $2.5bn valuation”
Gorillas has already raised over $ 300 million from investors such as Tencent, DST Global and Coatue Management, reaching a valuation of $ 1 billion in its latest round in March. Some of those existing investors may participate in new rounds. Spokespersons from both DoorDash and Gorillas declined to comment. According to Edison Trends, DoorDash …
Continue reading “DoorDash in talks to invest in German grocery app Gorillas”
