Postmates, one of the earlier entrants to the billion-dollar food delivery wars, has raised an additional $100 million in equity funding at a $1.85 billion valuation, as first reported by Recode and confirmed to TechCrunch by Postmates. The round comes four months after the eight-year-old startup drove home a $300 million investment that finally knocked […]
Food delivery startup DoorDash announced this afternoon that it has raised $250 million, just five months since the company announced a $535 million round. Why raise more money so soon? CEO Tony Xu told Axios that he wasn’t actively looking for additional investment, but was open to investor interest because it could help the company expand […]
On-demand delivery is painfully difficult. The margins are usually razor thin, each market is wildly different, and the business can be largely dependent on retailers’ willingness to jump into the digital age. But DoorDash, which launched in 2013 out of Y Combinator, has been a dominant force in the space. That’s why we’re absolutely thrilled […]
Everyone at the office needs lunch (or in some cases dinner) — but for salespeople trying to entice a potential lead or convince an architect to pick up their project, they might need to use a free meal as a bit of a lure to get them in the room to make that pitch. It […]
While DoorDash, Postmates and other apps are looking to reimagine what the food delivery experience looks like, Ray Reddy says he wants to figure out what the next generation of a food court looks like. Sort of. Reddy’s startup, Ritual, aims to remake the whole process of leaving your office and walking around five minutes […]
Restaurant delivery service DoorDash is joining the unicorn club with its latest round of funding. The company is announcing that it’s raised $535 million in a Series D round. And while it’s not saying anything about valuation, a source close to DoorDash told us that the new funding values the company at $1.4 billion (post-money). […]