DoorDash Joins Unicorn Club With Softbank-Led Half-Billion Dollar Series D
Photo Caption: DoorDash announced a half-billion dollar Series D round, valuing the company at $1.4 billion.
Skift Take
Grubhub may be the industry stalwart, but Uber Eats and DoorDash are close on its heels, growing exponentially and doubling down on technology, which could prove to be the major differentiator in the delivery market.
DoorDash has raised $535 million in a Series D round, valuing the company at $1.4 billion. Softbank led the round of investment and now has a seat on the board of directors. Softbank, known for investing in competing companies, has also invested $7.7 billion in Uber, whose Uber Eats business is one of DoorDash's largest competitors.
DoorDash will use the funding to expand to 1,600 North American cities from its current 600,
