DoorDash is an on-demand restaurant delivery service founded in 2013 by Stanford students Andy Fang, Stanley Tang and Tony Xu. 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 42 markets and more than 500 cities across North America.
Its competitors include Waiter.com, Tapingo, Postmates, GrubHub, Caviar (acquired by Square, Inc.), grocery delivery services like Instacart and other food startups.
Doordash has expanded into new areas due its successful referral program, and is now located in: Atlanta, Austin, Boston, Calgary, Charlotte, Chicago, Dallas, Denver/Boulder, Edmonton, Houston, Indianapolis, Las Vegas, Miami, Milwaukee, Minneapolis, Nashville, New York, Northern California, Ohio, Oklahoma, Orlando, Phoenix, Salt Lake City, San Antonio, Seattle, Southern California, St. Louis, Tampa, Toronto, Vancouver, and Washington, D.C.
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History
DoorDash has raised nearly $60 million over several financing rounds from investors including SV Angel, Khosla Ventures, Sequoia Capital, and Kleiner Perkins Caufield & Byers. DoorDash was valued at $600 million in 2015 during a round of funding.
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.
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 October 2017, CFO Mike Dinsdale left DoorDash less than a year after he started working with the company.
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References
Source of the article : Wikipedia
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