DoorDash scores valuation of $16 billion as coronavirus pushes it to top of food-delivery chain

Photo caption: A DoorDash Inc. delivery person arranges an order in the back of a vehicle outside of a DoorDash Kitchens location in Redwood City, California, U.S., on Friday, Nov. 29, 2019. David Paul Morris | Bloomberg | Getty Images. Article by Amelia Lucas.

KEY POINTS

• DoorDash has raised an additional $400 million in equity financing led by Durable Capital Partners and Fidelity, pushing its valuation to $16 billion, Axios reported.
• Since Covid-19 lockdown orders were issued across the U.S. in mid-March, DoorDash’s sales have surged placing it well above rivals such Grubhub and Uber Eats.
• DoorDash ranks No. 12 on the 2020 CNBC Disruptor 50 list. […]

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