附近上门

Startups Venture

DoorDash Raises $600M, Showing Food Delivery On Demand Is Still Hot

On-demand food remains hot: San Francisco鈥檚 just raised $600 million, and is now worth $12.6 billion, .

Subscribe to the 附近上门 Daily

The food delivery service鈥檚 Series G included new investors and.聽 Previous investors also joined in including , , , , , and Temasek Capital Management.

The company鈥檚 quick value appreciation comes on the back of business growth. The firm noted in that it grew 60 percent since its Series F. Or, in simpler terms, that it has 鈥済rown鈥 60 percent since February. What that means isn鈥檛 precisely clear, but the firm did note that it 鈥済rew 280 percent year-on-year鈥 to an annualized gross merchandise volume (鈥淕MV鈥) of $7.5 billion. It also expanded to 4,000 cities across the U.S. and Canada.

That means that it recorded a recent month, or quarter of total goods sold through its platform that, when annualized, works out to $7.5 billion. This helps us understand how large DoorDash is; its take is a percentage of that GMV total, for example. If you want bonus points, figure out Uber Eat鈥檚 take rate as a percent of its own GMV, and then work backwards into how large DoorDash might be today in net revenue terms.

As our Editor in Chief Alex Wilhelm reminds us, DoorDash鈥檚 fundraising past has been sprinkled with large rounds, and rapid valuation growth. In February, the company raised $400 million, and months before that, it raised $250 million.

Here’s a chart of the company’s known funding rounds.

For those who have been tracking the on-demand delivery startup system for a while, let鈥檚 do another rewind. GrubHub went public in 2014, Postmates has already filed. Uber, which owns Uber Eats, also recently went public.

In a world of Postmates, Uber Eats, Amazon-backed Deliveroo, and more, this strong infusion of cash into DoorDash, , shows that the private on-demand sector isn鈥檛 lukewarm amid a lot of competition. Some reports even said its .

Illustration:

Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link