DoorDash

DoorDash
Privately held company
Website doordash.com

DoorDash is an on-demand restaurant delivery service.[1] DoorDash was founded in 2013 by Stanford students Evan Charles Moore, Andy Fang, Stanley Tang and Tony Xu.[2] A Y Combinator-backed company, DoorDash is one of several recently founded technology companies aiming to use logistics services to offer food delivery from restaurants on-demand.[3] Its competitors include Tapingo, Postmates, GrubHub, Caviar (acquired by Square, Inc.), grocery delivery services like Instacart and other food startups. DoorDash launched in the South Bay of San Francisco in 2013[2] and has expanded to Los Angeles, Boston, Chicago, and most of the San Francisco Bay Area in addition to several other markets.[4]

DoorDash has raised nearly $60 million over several financing rounds from investors including SV Angel, Khosla Ventures, Sequoia Capital, and Kleiner Perkins Caufield & Byers.[5] DoorDash was valued at $600 million in 2015 during a round of funding.[6]

On November 6, 2015, In-N-Out Burger filed a lawsuit against DoorDash claiming trademark infringement and unfair competition.[7]

DoorDash was rumoured to be in fundraising talks at a valuation of at least $1 billion with Sequoia Capital in November 2015.[8]

In February 2016, DoorDash was rumored to be raising $110 million at a valuation of around $700 million, according to Wall Street Journal,[9] but Mashable reported that DoorDash raised a funding of $127 million.[10]

References

  1. ↑ "DoorDash About Page". DoorDash. Retrieved June 20, 2015.
  2. 1 2 Billy Gallagher (June 26, 2013). "Y Combinator-Backed DoorDash Delivers Food Quickly In South Bay, Hopes To Expand Beyond Food". TechCrunch. Retrieved June 20, 2015.
  3. ↑ Anna Roth (June 26, 2013). "Filler App: How Tech Companies Are Disrupting Restaurant Delivery". SF Weekly. Retrieved February 26, 2014.
  4. ↑ "DoorDash". DoorDash. Retrieved June 20, 2015.
  5. ↑ "DoorDash Crunchbase". Crunchbase. Retrieved June 20, 2015.
  6. ↑ Jillian D'Onfro (March 17, 2015). "A startup that delivers food from local restaurants just raised $35 million at a $600 million valuation". Business insider.
  7. ↑ "Complaint" (PDF). PacerMonitor. Retrieved November 13, 2015.
  8. ↑ alexbarinka, Eric Newcomer EricNewcomer Alex Barinka. "In 'Overcrowded' Food Delivery Market, Venture Capitalists Are Still Hungry for More". Bloomberg.com. Retrieved 2015-11-24.
  9. ↑ http://www.wsj.com/article_email/food-delivery-startup-doordash-is-raising-more-than-110-million-1455639655-lMyQjAxMTA2NTEzNjQxMzY3Wj
  10. ↑ 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.
This article is issued from Wikipedia - version of the 10/10/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.