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DoorDash Stock |
Doordash is an online food-delivery application for on-demand food delivery. The company is founded by Andy Fang, Stanley Tang, Tony Xu and Evan Moore in 2012. Users can order from a wide network of restaurants available on the platform and track their order in real-time. The company is headquartered in Palo Alto, California and as of July 2018, offers services in over 1200 cities across US and Canada. In April 2018, the company ventured into grocery delivery services through a partnership with Walmart. In July 2018, Doordash hired Prabir Adarkar, who led Uber’s strategic finance team, as the new CFO.
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The delivery firm reportedly expects to break even by the end of the current quarter.
DoorDash has confirmed that it is raising “approximately $400 million” in a Series H round of funding. Earlier today, Axios reported that the company was looking for a roughly $400 million round at a post-money valuation of $16 billion. DoorDash clarified in a statement provided to Tech…
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