DoorDash Inc. is an on-demand restaurant delivery service founded in 2013 by Stanford students Andy Fang, Stanley Tang, Tony Xu and Evan Moore. A Y Combinator-backed company, DoorDash is one of several technology companies that uses logistics services to offer food delivery from restaurants on-demand. DoorDash launched in San Francisco and has since expanded to 56 markets and more than 600 cities 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.
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History
DoorDash has raised more than $700 million over several financing rounds from investors including SV Angel, Khosla Ventures, Sequoia Capital, SoftBank, GIC, and Kleiner Perkins Caufield & Byers. DoorDash was valued at $1.4 billion in 2018 during a round of funding.
On November 6, 2015, In-N-Out Burger filed a lawsuit against DoorDash claiming trademark infringement and unfair competition. DoorDash was rumoured to be in fundraising talks at a valuation of at least $1 billion with Sequoia Capital in November 2015.
In February 2016, DoorDash was rumored to be raising $110 million at a valuation of around $700 million, according to Wall Street Journal, but Mashable reported that DoorDash raised a funding of $127 million.
In October 2017, CFO Mike Dinsdale left DoorDash less than a year after he started working with the company.
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.
On April 30th, 2018, DoorDash partnered with Chipotle Mexican Grill to deliver their orders.
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References
Source of article : Wikipedia
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