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 […]

What Comes After the Big GrubHub Deal?

Expect more excitement in the online food delivery space — but how much of that serves to boost profit remains in question. This week’s main drama, of course, was the news that Chicago-based GrubHub would combine with Amsterdam-based Just Eat to form what promises to be an international food delivery force. The deal put to […]

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 […]

DoorDash, riding on food delivery demand during the coronavirus crisis, looks set to raise hundreds of millions of dollars in new funding at a $15 billion valuation

DoorDash is preparing to raise several hundred million dollars in new equity financing, The Wall Street Journal reported. The new financing would peg the company’s valuation at $15 billion, up from $13 billion in November. The financing would push DoorDash’s cash stockpile well above $1 billion — and would presumably push back its planned initial public […]

Uber’s Dutch Rival for Grubhub Risks Indigestion

For Uber Technologies Inc., the logic of gobbling up food-delivery rival Grubhub Inc. seemed pretty straightforward: reduce the number of competitors, making it easier to charge higher prices to diners and earn more commission from restaurants. The rationale isn’t so clear cut for Dutch deliverer Just Eat NV, which leapfrogged Uber to announce on Wednesday that it was acquiring Grubhub […]

‘What a lost opportunity’: Uber’s abandonment of GrubHub deal is a ‘clear negative,’ analysts say

The food-delivery landscape is getting a shakeup, but not in the way investors had been expecting over the past few weeks. European player Just Eat N.V. JET, -0.21% TKWY, -0.04% confirmed Wednesday afternoon that it would be acquiring GrubHub Inc. GRUB, -2.65% in an all-stock deal. Uber Technologies Inc. UBER, +2.78% was thought to be close to its own deal for GrubHub recently, but the ride-hailing […]

As diners flock to delivery apps, restaurants fear for their future

Before the coronavirus lockdowns, Matt Majesky did not take much notice of the fees that Grubhub and Uber Eats charged him every time they processed an order for his restaurant, Pierogi Mountain. But once the lockdowns began, the apps became essentially the only source of business for the barroom restaurant he ran with a partner, […]

What’s next for third-party delivery services?

Third-party delivery services were growing, and facing growing pains, before the pandemic sent shockwaves through the restaurant industry and forced eateries to close dining rooms and focus exclusively on takeout and delivery services. For companies including DoorDash, Grubhub, Postmates and Uber Eats, the pandemic provided new opportunities for food delivery and, in some cases, amplified […]

Feast Or Famine: Grubhub Needs Uber Merger

Grubhub needs to complete a merger with a large competitor to combat poor market dynamics and financial results. The food delivery industry is ripe for a price war, and Grubhub is especially exposed. Rapidly declining margin per order means Grubhub needs to aggressively cut overhead to restore profitability. Grubhub (GRUB) desperately needs to complete a […]