DoorDash Raises Valuation to Nearly $4 Billion

DoorDash raised its valuation to nearly $4 billion after netting $250 million in a new round of funding.

Read the original at 1851 Franchise
DoorDash Raises Valuation to Nearly $4 Billion

TL;DR

DoorDash raised its valuation to nearly $4 billion after netting $250 million in a new round of funding led by Coatue Management and DST Global. The company has partnered with restaurants such as Wendy's, IHOP, and Boston Market.

DoorDash , a food delivery startup in extreme growth mode, announced it has netted $250 million in a new round of funding led by Coatue Management and DST Global, bringing the company’s valuation to nearly $4 billion, according to a TechCrunch article . The news comes just five months after the San Francisco-based company raised $535 million from Japanese company SoftBank Group Corp. DoorDash is making waves in the restaurant industry thanks to its recent partnerships with Wendy’s , IHOP and Boston Market .

Maddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories. Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business.

In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.

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This story was originally published in 1851 Franchise on August 17, 2018. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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