1 rXo4g6UKy0Tf4XVEUVxqGA - DoorDash is reportedly raising $500M at a $6B+ valuation.
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DoorDash is reportedly raising $500M at a $6B+ valuation.

DoorDash is reportedly raising $500M at a $6B+ valuation. | $250M, $500M, delivery, DoorDash, food, postmate, startup, US, valuation

So just days after postmate filed confidential paperwork for an initial public offering, the buzzing news now in the on-demand delivery space is that competitor DoorDash is in the process of raising a $500 million funding round which would boost their valuation to about $7b. According to the WSJ, Temasek Holdings Pte., Singapore’s state investment firm, is expected to lead the round, if we could recall last year Doordash raised $250 million in funding at a valuation of $4billion.

DoorDash is reportedly raising $500M at a $6B+ valuation. | $250M, $500M, delivery, DoorDash, food, postmate, startup, US, valuation

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In total, DoorDash has raised nearly $1 billion in funding from investors like Softbank, Sequoia, DST Global, Kleiner Perkins and others.

Also earlier this year doordash became the first startup to operate in the entire 50 states.

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Emmanuel
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