Delivery unicorn is looking to raise another $500 million in funding at a valuation of over $6 billion, with Singapore鈥檚 likely to lead the financing, according to the .
The expected fundraise comes days after rival 蝉耻产尘颈迟迟别诲听initial paperwork聽for a planned public offering.
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San Francisco-based on-demand delivery startup DoorDash has raised聽since its 2013 inception according to its Crunchbase profile. Most recently, in August 2018, it closed a $250 million Series E led by Hong Kong鈥檚 and . That round nearly to about $4 billion. Other backers include , and .
According to TechCrunch, DoorDash in January became the first on-demand food-delivery startup .
As our Savannah Dowling聽谤别辫辞谤迟别诲听last August, the food delivery market is tight鈥擠oorDash faces a host of competitors in the space, most notably Postmates and publicly-traded . Postmates has , including in January at a $1.8 million pre-money valuation. Grubhub, which hit the New York Stock Exchange in 2014, has a market cap of $7.3 billion. Other competitors like (by 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 2018. In that effort, the company faces competition with , and .
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