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It was reported in December 2018 that DoorDash overtook [[Uber Eats]] to hold the second position in total US food delivery sales, behind only [[GrubHub]].<ref>https://qz.com/1549084/doordash-overtook-uber-eats-in-us-online-food-delivery-second-measure-finds/amp/</ref> By March 2019, it had exceeded legacy leader GrubHub in total sales, at 27.6% of the on-demand delivery market.<ref>http://fortune.com/2019/03/11/doordash-tops-grubhub-on-demand-food/</ref>
It was reported in December 2018 that DoorDash overtook [[Uber Eats]] to hold the second position in total US food delivery sales, behind only [[GrubHub]].<ref>https://qz.com/1549084/doordash-overtook-uber-eats-in-us-online-food-delivery-second-measure-finds/amp/</ref> By March 2019, it had exceeded legacy leader GrubHub in total sales, at 27.6% of the on-demand delivery market.<ref>http://fortune.com/2019/03/11/doordash-tops-grubhub-on-demand-food/</ref>


In February 2019 DoorDash raised $400 million investment, bringing the company' total funding for to $1.4 billon and reached total valuation of $7.1 billion.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2019-05-17/doordash-is-said-to-be-raising-at-least-500-million-in-funding|title=DoorDash Is Raising at Least $500 Million in Funding|date=2019-05-22|access-date=2019-05-23|language=en}}</ref> The round was led by SoftBank Vision Fund, DST Global, Coatue Management, GIC, Sequoia Capital and Y Combinator.<ref>{{Cite web|url=http://social.techcrunch.com/2019/02/21/doordash-series-f/|title=DoorDash raises $400M round, now valued at $7.1B|website=TechCrunch|language=en-US|access-date=2019-02-22}}</ref> As of May 2019 DoorDash is said to be raising an additional $500 million in funding, which has the potential to easily exceed this estimate, <ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2019-05-17/doordash-is-said-to-be-raising-at-least-500-million-in-funding|title=DoorDash Is Raising at Least $500 Million in Funding|date=2019-05-22|access-date=2019-05-23|language=en}}</ref> resulting in the company being valued at $12.6 billion.<ref>{{Cite web|url=http://social.techcrunch.com/2019/05/23/doordash-now-valued-at-12-6b-shoots-for-the-moon/|title=DoorDash, now valued at $12.6B, shoots for the moon|website=TechCrunch|language=en-US|access-date=2019-05-23}}</ref>
In February 2019 DoorDash raised $400 million investment, bringing the company' total funding for to $1.4 billon and reached total valuation of $7.1 billion.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2019-05-17/doordash-is-said-to-be-raising-at-least-500-million-in-funding|title=DoorDash Is Raising at Least $500 Million in Funding|date=2019-05-22|access-date=2019-05-23|language=en}}</ref> The round was led by SoftBank Vision Fund, DST Global, Coatue Management, GIC, Sequoia Capital and Y Combinator.<ref>{{Cite web|url=http://social.techcrunch.com/2019/02/21/doordash-series-f/|title=DoorDash raises $400M round, now valued at $7.1B|website=TechCrunch|language=en-US|access-date=2019-02-22}}</ref> As of May 2019 DoorDash is said to be raising an additional $600 million in funding, which has the potential to easily exceed this estimate, <ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2019-05-17/doordash-is-said-to-be-raising-at-least-500-million-in-funding|title=DoorDash Is Raising at Least $500 Million in Funding|date=2019-05-22|access-date=2019-05-23|language=en}}</ref> resulting in the company being valued at $12.6 billion.<ref>{{Cite web|url=http://social.techcrunch.com/2019/05/23/doordash-now-valued-at-12-6b-shoots-for-the-moon/|title=DoorDash, now valued at $12.6B, shoots for the moon|website=TechCrunch|language=en-US|access-date=2019-05-23}}</ref>


==Lawsuits==
==Lawsuits==

Revision as of 10:54, 24 May 2019

DoorDash Inc.
Company typePrivately held company
IndustryLogistics
FoundedJune 2013; 11 years ago (2013-06)
Palo Alto, California, U.S.
FoundersAndy Fang
Stanley Tang
Tony Xu
Headquarters
San Francisco, California, U.S.
Key people
Andy Fang, Stanley Tang, Tony Xu
Number of employees
850
Websitedoordash.com

DoorDash Inc. is an on-demand food delivery service[1] founded in 2013 by Stanford students Andy Fang, Stanley Tang and Tony Xu.[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[4] across North America.

History

DoorDash has raised more than $700 million[5] over several financing rounds from investors including Charles River Ventures, SV Angel, Khosla Ventures, Sequoia Capital, SoftBank, GIC,[6] and Kleiner Perkins Caufield & Byers.[7] DoorDash was valued at $1.4 billion in 2018 during a round of funding.[8]

In October 2017, CFO Mike Dinsdale left DoorDash less than a year after he started working with the company.[9]

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.[10]

In April 2018, DoorDash ventured into grocery delivery through a partnership with Walmart in Atlanta.[11]

It was reported in December 2018 that DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind only GrubHub.[12] By March 2019, it had exceeded legacy leader GrubHub in total sales, at 27.6% of the on-demand delivery market.[13]

In February 2019 DoorDash raised $400 million investment, bringing the company' total funding for to $1.4 billon and reached total valuation of $7.1 billion.[14] The round was led by SoftBank Vision Fund, DST Global, Coatue Management, GIC, Sequoia Capital and Y Combinator.[15] As of May 2019 DoorDash is said to be raising an additional $600 million in funding, which has the potential to easily exceed this estimate, [16] resulting in the company being valued at $12.6 billion.[17]

Lawsuits

On November 6, 2015, In-N-Out Burger filed a lawsuit against DoorDash claiming trademark infringement and unfair competition.[18] Two months later the lawsuit was dismissed. DoorDash no longer delivers food from In-N-Out Burger.[19]

Burger Antics has filed a lawsuit to get them to stop delivering their food after receiving complaints from their customers.[19]

DoorDash delivery workers filed a class action lawsuit for being misclassified as independent contractors. DoorDash agreed to pay $5 million.[20]

References

  1. ^ "DoorDash About Page". DoorDash. Retrieved June 20, 2015.
  2. ^ "Sequoia - DoorDash". 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. ^ a b "I'm DoorDash CEO Tony Xu, and This Is How I Work". Los Angeles Times. 2017-12-27. Retrieved 2017-04-04.
  5. ^ Richard Waters (March 1, 2018). "SoftBank leads $535m investment in food delivery start-up". Financial Times.
  6. ^ "Data Sheet—What DoorDash Plans to Do With Another Half a Billion Dollars of Capital". fortune.com. Retrieved 2018-04-26.
  7. ^ "DoorDash Crunchbase". Crunchbase. Retrieved June 20, 2015.
  8. ^ "DoorDash raises $535M, now valued at $1.4B – TechCrunch". techcrunch.com. Retrieved 2018-04-26.
  9. ^ Dickey, Megan Rose (2017-10-25). "DoorDash CFO leaves less than one year after joining". TechCrunch. Retrieved 2017-10-26.
  10. ^ Carson, Biz. "DoorDash Raises $535 Million To Fuel Food Delivery War". Forbes.
  11. ^ Gartenberg, Chaim (24 April 2018). "Walmart tests grocery deliveries via DoorDash". The Verge. Retrieved 24 April 2018.
  12. ^ https://qz.com/1549084/doordash-overtook-uber-eats-in-us-online-food-delivery-second-measure-finds/amp/
  13. ^ http://fortune.com/2019/03/11/doordash-tops-grubhub-on-demand-food/
  14. ^ "DoorDash Is Raising at Least $500 Million in Funding". 2019-05-22. Retrieved 2019-05-23.
  15. ^ "DoorDash raises $400M round, now valued at $7.1B". TechCrunch. Retrieved 2019-02-22.
  16. ^ "DoorDash Is Raising at Least $500 Million in Funding". 2019-05-22. Retrieved 2019-05-23.
  17. ^ "DoorDash, now valued at $12.6B, shoots for the moon". TechCrunch. Retrieved 2019-05-23.
  18. ^ "Complaint" (PDF). PacerMonitor. Retrieved November 13, 2015.
  19. ^ a b Channick, Robert. "Suburban restaurant in DoorDash lawsuit: Stop delivering our food". chicagotribune.com.
  20. ^ "DoorDash will pay $5 million to settle class-action lawsuit over independent contractors". 11 April 2017.
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