DoorDash

DoorDash Inc.
Privately held company
Industry Logistics
Founded June 2013- fin 10/10/2018
Headquarters San Francisco, CA
Key people
 Tony Xu, Andy Fang, Stanley Tang
Number of employees
 850
Website doordash.com

DoorDash Inc. is an on-demand courier service[1] founded in 2012 by Stanford and Berkeley students Andy Fang, Stanley Tang, Tony Xu and Evan Moore.[2] A Y Combinator-backed company, DoorDash is one of several technology companies that uses logistics services to offer food delivery from restaurants on-demand.[3] DoorDash launched in Palo Alto and has since expanded to 56 markets[4] and more than 600 cities[5] across North America.

Its competitors include Uber Eats, Waiter.com, Tapingo, Postmates, GrubHub, SkipTheDishes, Caviar (acquired by Square, Inc.), grocery delivery services like Instacart and other food startups.

History

DoorDash has raised more than $700 million[6] over several financing rounds from investors including SV Angel, Khosla Ventures, Sequoia Capital, SoftBank, GIC[7], and Kleiner Perkins Caufield & Byers.[8] DoorDash was valued at $1.4 billion in 2018 during a round of funding.[9]

On November 6, 2015, In-N-Out Burger filed a lawsuit against DoorDash claiming trademark infringement and unfair competition.[10] DoorDash was rumoured to be in fundraising talks at a valuation of at least $1 billion with Sequoia Capital in November 2015.[11]

In February 2016, DoorDash was rumored to be raising $110 million at a valuation of around $700 million, according to Wall Street Journal,[12] but Mashable reported that DoorDash raised a funding of $127 million.[13]

In October 2017, CFO Mike Dinsdale left DoorDash less than a year after he started working with the company.[14]

In March 2018, DoorDash raised $535 million in a Series D round led by the SoftBank Group with participation from existing investors Sequoia Capital, GIC and Wellcome Trust.

In April 2018, DoorDash ventured into grocery delivery through a partnership with Walmart in Atlanta.[15]

On April 30th, 2018, DoorDash partnered with Chipotle Mexican Grill to deliver their orders.[16]

References

  1. ↑ "DoorDash About Page". DoorDash. Retrieved June 20, 2015.
  2. ↑ Billy Gallagher (July 26, 2013). "Y Combinator-Backed DoorDash Delivers Food Quickly In South Bay, Hopes To Expand Beyond Food". Techcrunch. Retrieved Aug 31, 2018.
  3. ↑ Anna Roth (June 26, 2013). "Filler App: How Tech Companies Are Disrupting Restaurant Delivery". SF Weekly. Retrieved February 26, 2014.
  4. ↑ "I'm DoorDash CEO Tony Xu, and This Is How I Work". Los Angeles Times. 2017-12-27. Retrieved 2017-04-04.
  5. ↑ "I'm DoorDash CEO Tony Xu, and This Is How I Work". Los Angeles Times. 2017-12-27. Retrieved 2017-04-04.
  6. ↑ Richard Waters (March 1, 2018). "SoftBank leads $535m investment in food delivery start-up". Financial Times.
  7. ↑ "http://fortune.com/2018/03/01/data-sheet-doordash-expand-delivery/%5D". fortune.com. Retrieved 2018-04-26. External link in |title= (help)
  8. ↑ "DoorDash Crunchbase". Crunchbase. Retrieved June 20, 2015.
  9. ↑ "DoorDash raises $535M, now valued at $1.4B – TechCrunch". techcrunch.com. Retrieved 2018-04-26.
  10. ↑ "Complaint" (PDF). PacerMonitor. Retrieved November 13, 2015.
  11. ↑ alexbarinka, Eric Newcomer EricNewcomer Alex Barinka. "In 'Overcrowded' Food Delivery Market, Venture Capitalists Are Still Hungry for More". Bloomberg.com. Retrieved 2015-11-24.
  12. ↑ MacMillan, Douglas. "DoorDash Misses $1 Billion Valuation Target". WSJ.
  13. ↑ UTC, Seth Fiegerman2016-04-03 10:00:00. "Some very special startups are still raising millions of dollars. Here's why". Mashable. Retrieved 2016-04-04.
  14. ↑ Dickey, Megan Rose (2017-10-25). "DoorDash CFO leaves less than one year after joining". TechCrunch. Retrieved 2017-10-26.
  15. ↑ Gartenberg, Chaim (24 April 2018). "Walmart tests grocery deliveries via DoorDash". The Verge. Retrieved 24 April 2018.
  16. ↑ "We visited the Chipotle of the future. Here's what it's like". Business Insider. Retrieved 2018-07-03.
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