Xconomy: DoorDash Valued at $4 billion After Adding $250M in New Funding | Enterpreneurship
DoorDash has upped its valuation to $4 billion with a new $250 million financing round, five months after it raised $535 million to gain its “unicorn” status.
The new $250 million funding round was co-led by Coatue Management and DST Global. CEO Tony Xu told Axios’ Dan Primack that the company hadn’t been actively seeking new financing. Instead, the company is characterizing the new money as a growth round—DoorDash said it has had 250 percent year-over-year growth and expects to operate in more than 2,000 cities this year, up from 1,000 in January.
It’s been an active year for the delivery… Read more »
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