Buy & Sell Services from £5 for your new Startup Business with

Share This Post

Latest News

DoorDash is reportedly raising $500M at a $6B+ valuation

Just days after Postmates filed confidential paperwork for an initial public offering, the latest news in the on-demand delivery space is that competitor DoorDash is in the process of raising a $500 million round, the Wall Street Journal reports. The round would reportedly value DoorDash at more than $6 billion and possibly up to $7 billion.

According to the WSJ, Temasek Holdings Pte., Singapore’s state investment firm, is expected to lead the round.

Last year, DoorDash raised a $250 million round of financing that valued the company at $4 billion. In total, DoorDash has raised nearly $1 billion in funding from investors like Softbank, Sequoia, DST Global, Kleiner Perkins and others.

Earlier this year, the food-delivery startup became the first startup to operate in all 50 states. Meanwhile, similar to Instacart, DoorDash has also reportedly been subsidizing worker pay with tips from customers, but DoorDash still has yet to respond to TechCrunch regarding the practice.

I’ve reached out to DoorDash and will update this story if I hear back.

Source: Tech Feed

Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Skip to toolbar