糖心视频

Morning Report: Delivery unicorn DoorDash has raised an additional $250 million, heating the competitive on-demand food space even more.

Just months after picking up $535 million from , food delivery company聽聽has secured an additional in capital. The round was co-led by and .

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This is the known seventh fundraising event for the five-year-old company. The round brings DoorDash鈥檚 total funds raised to $971.8 million, . The company鈥檚 previous investors include , which led it鈥檚 in March 2016, , , and , among others.

The food delivery market is tight鈥擠oorDash, valued at $4 billion (post-money), faces a host of competitors in the space, most notably聽 and . Postmates has raised , including $140 million at a聽聽post-money聽valuation. GrubHub, which hit the New York Stock Exchange in 2014, has a market cap of $11.1 billion. Other competitors like ( for $90 million in 2014), and have also made moves in food delivery.

DoorDash isn鈥檛 just competing in meal delivery, however. The company with Walmart for its pilot grocery delivery platform in April of this year. In that effort, the company faces competition with , and .

DoorDash CEO said his company, which wasn鈥檛 actively fundraising, accepted fundraising bids to accelerate expansion, . DoorDash it has expanded its partnerships and moved to more than 1,000 cities in the U.S. and Canada, aiming to double that by the end of this year.

In a high-cost industry like food delivery, deep pockets are a nearly-required war chest to support that kind of rapid expansion. And if a company plans to dominate that market, extra capital is always welcome.

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