- May 22, 2019 / 3 min readLaunched in 2013, DoorDash is an app-based food delivery service that allows consumers to order food from their favourite restaurants.
DoorDash, a food delivery startup, is raising at least $500 million from investors in a funding round. This round will likely value the company at about $13 billion.
Door-Dash is competing against the likes of Grubhub and UberEats. Launched in 2013, it is an app-based food delivery service that allows consumers to order food from their favourite restaurants.
In February, the company raised $400 million, which valued it at $7.1 billion. This round brought DoorDash’s total funding to about $1.4 billion, from investors like Sequoia Capital, Soft-Bank’s Vision Fund and Dragoneer Investment.
The company had tripled annual sales in 2018 and recorded net revenue of $107 million in November.
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