DoorDash

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DoorDash Inc.
Privately held company
IndustryLogistics
FoundedJune 2013
Headquarters
San Francisco, CA
Key people
Tony Xu, Andy Fang, Stanley Tang
Number of employees
850
Websitedoordash.com

DoorDash Inc. is an on-demand courier service[1] founded in 2012 by Stanford 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[edit]

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 March 2017, DoorDash announced a partnership in the U.S. to deliver food for Jack in the Box.[14]

In October 2017, CFO Mike Dinsdale left DoorDash less than a year after he started working with the company.[15]

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.[16]

On April 30th, 2018, DoorDash partnered with Chipotle Mexican Grill to deliver their orders.[17]

References[edit]

  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. ^ "Data Sheet—What DoorDash Plans to Do With Another Half a Billion Dollars of Capital". fortune.com. Retrieved 2018-04-26.
  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. ^ "DoorDash and Jack in the Box, Now at Doorsteps Across the Country".
  15. ^ Dickey, Megan Rose (2017-10-25). "DoorDash CFO leaves less than one year after joining". TechCrunch. Retrieved 2017-10-26.
  16. ^ Gartenberg, Chaim (24 April 2018). "Walmart tests grocery deliveries via DoorDash". The Verge. Retrieved 24 April 2018.
  17. ^ "We visited the Chipotle of the future. Here's what it's like". Business Insider. Retrieved 2018-07-03.