Launched in February 2013, as a logistic delivery platform, DoorDash is currently valued at whopping $12.6 billion. It is an online food delivery service that works on removing the barrier between the merchants and the customers.
It was started as a logistics delivery platform but for now, they are just focusing on food delivery. While emerging as the market leaders, they are presently developing at a very quick rate and have accomplished a number of milestones in the first quarter of 2019.
In February 2019, the organization reported that it has raised $400 million in Series F financing. And now, just three months later, the giant again managed to get Series G funding of whooping $600 million.
Its new investors include Darsana Capital Partners and Sands Capital along with existing backers DST Global, Coatue Management, Sequoia Capital, Dragoneer, SoftBank Vision Fund, and Temasek Capital Management.
The company also reported that its business has developed over 60% earlier this year while it also continued its geographic expansion to more than 4,000 urban areas over the U.S. and Canada.
