DoorDash Bags $400 M In Series F Funding
News

DoorDash Valuation Boost To $7.1B With The Latest Funding Of $400 M

Investment Groups, Temasek and Dragoneer participated in the Series F round of funding.

DoorDash Valuation Boost To $7.1B With The Latest Funding Of $400 M

Food delivery companies are turning heads in the investment world by raising a large pool of funds. Recently US food delivery giant DoorDash new funding reached $400 million. In DoorDash series F funding, Temasek and Dragoneer Investment Group were the major investors. The total capital of DoorDash rose up to $1.4 billion.

DoorDash aimed for funds with the aim of becoming the food delivery leader in the US and Canada Market. In March 2018, it pocketed $535 million funding, which was followed by a $250 million fundraising in August.

Tony Xu, Co-founder, and CEO told,

San Francisco based company have expanded its operations to 80% of the U.S. and to further extend their reach; the company has partnered with many major chains like Chipotle and Cheesecake. Doordash Series F funding looks to aid the company’s expansion policies.

DoorDash

With the Doordash new funding, the food delivery company's valuation hiked to $7.1 billion and is just inch short to their closest rival, GrubHub, whose market cap is estimated to be $7.2 billion. Tony Xu accredited the DoorDash new funding to their three elements, which includes:

  • Geographical hold
  • DoorDash Drive
  • Partner’s selection

Interestingly, the company was recently under the scanner for their tipping policies to the driver. Food delivery company provides $1 per order payout to their drivers.

In retaliation, both drivers and consumers raised their concerns regarding subsidizing the driver’s payments with tips given by customers.“DoorDash doesn’t show workers what part of the ‘guarantee’ is from the tip and what part is from DoorDash,” Sage Wilson of labor organization Working Washington told TechCrunch in an email.

On the other hand, the company doesn’t seem to budge on its policies as it has tested it for months before implementing it.

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

News

AI-Driven Chat-Based Hyperlocal Services App Dunzo Raises $3.1M In Series C Funding

2 min read  

Artificial Intelligence-driven on-demand task manager app Dunzo has raised $3.1 million in a Series C funding round. The investment round was led by Milestone Trusteeship Services, N Lakshmi Narayanan (former Cognizant CEI), Monika Garware Modi, and the Raintree Family.The startup which was foun

News

Fintech Start-up B-Social Raises £3.2 Million Investment

2 min read  

B-Social, a London-based banking app startup that has created a ‘social finance’ app and offers a beta debit Mastercard, has successfully secured £3.2 million through its latest seed funding round.Founded in 2016, B-Social is currently applying to Prudential Regulation Authorit

News

Video App Roposo Raises $10M From Series C Funding

4 min read  

Indian multilingual video app, Roposo, has successfully raised $10 million in Series C funding, which adds on to its total funding of $31 million so far. Roposo is a Gurgaon based company which got the backing from returning investors Tiger Global and Bertelsmann.Interestingly, Tiger Global is t

News

Deliveroo Opens Its First Brick-And-Mortar Restaurant In Hong Kong

2 min read  

Moving out of its domain space, online food delivery app Deliveroo opens its first physical brick-and-mortar restaurant in Hong Kong.Located at High Street, Sai Ying Pun, the store named as ‘Deliveroo Food Market,’ will serve as both a kitchen, as well as a storefront where customers