DoorDash, a San Francisco, CA-based on-demand food delivery company, raised $600m in Series G funding.
The round brought the company’s valuation to $12.6 billion.
Backers included new investors Darsana Capital Partners and Sands Capital and existing investors Coatue Management, Dragoneer, DST Global, Sequoia Capital, Softbank Vision Fund, and Temasek.
The company intends to use the funds to continue its geographic expansion
DoorDash delivers food from Italian, Chinese, Japanese, Indian restaurants as well as pizzerias and cafés to nearly one million customers in more than 4,000 cities across the U.S. and Canada.
It has more than 340,000 stores on the platform.
Building on the growth of DoorDash Drive, its white-label fulfillment platform that powers direct delivery for any business, the company announced last month its integration with Wegmans to power their Meals 2Go app.
Drive partners exclusively with restaurants such as Chipotle, Denny’s, Portillo’s and Wingstop to power their web and mobile delivery, and has become Walmart’s largest last-mile logistics partner for grocery.
DoorDash also launched a national partnership with Wyndham Hotels & Resorts to bring local dining favorites to guests on-demand across more than 3,700 hotels.
FinSMEs
27/05/2019