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§ Public · San Francisco, CA, USA
On-demand delivery platform connecting customers with local businesses for food, groceries, and retail items, facilitating quick deliveries.
DoorDash is a San Francisco, California-based technology company that operates an on-demand delivery platform connecting consumers with local restaurants, grocery stores, and retail merchants. Prior to its successful December 2020 initial public offering, the enterprise raised over $700 million in venture capital funding and reached a private valuation exceeding $13 billion. The logistics network utilizes independent contractors to facilitate quick deliveries across more than 4,000 cities, serving a merchant base of over 340,000 stores while employing 400 corporate staff and utilizing over 100,000 active independent drivers by 2017. The platform fulfills orders for major national restaurant chains such as Carl’s Jr. and Red Robin, supported by early financial backing from prominent institutional investors including Y Combinator, Sequoia Capital, and SoftBank. DoorDash was founded in 2013 by Tony Xu, Andy Fang, Stanley Tang, and Evan Moore.
DoorDash has raised $2.8B across 12 funding rounds.
Key people at DoorDash.
DoorDash was founded in 2013 by Stanley Tang (Co-Founder & CPO) and Evan Moore (Cofounder) and Tony Xu (Founder/CEO) and Andy Fang (Co-Founder).
DoorDash has raised $2.8B in total across 12 funding rounds.
DoorDash is a leading technology platform specializing in on-demand restaurant delivery and local commerce services. It builds a marketplace connecting consumers with local restaurants and businesses, enabling convenient food ordering and delivery. DoorDash serves consumers seeking food delivery, restaurants and merchants wanting to expand their reach, and delivery drivers ("Dashers") looking for flexible earning opportunities. The company solves the problem of limited delivery options for local businesses and consumers by providing a seamless, technology-driven logistics solution that empowers local economies and supports small businesses' growth. DoorDash has demonstrated strong growth momentum, expanding from a local startup to a global platform operating in over 40 countries with a market cap exceeding $30 billion[1][2][4].
DoorDash was founded in 2013 by Stanford students Tony Xu, Stanley Tang, Andy Fang, and Evan Moore. The idea emerged from their initial project, PaloAltoDelivery.com, which started as a local delivery service in Palo Alto. The founders identified a gap when many local restaurants, especially small businesses, lacked delivery capabilities. A pivotal moment was overhearing a macaroon shop manager decline a delivery order, inspiring the vision of an "on-demand FedEx" for local commerce. The founders personally handled early deliveries, gaining insights into the logistics challenges. After receiving seed funding from Y Combinator in 2013, DoorDash rapidly expanded to major U.S. cities and evolved its focus specifically on restaurant delivery and local commerce[2][3][7].
DoorDash rides the global trend of digital transformation in local commerce and the growing consumer demand for convenience through on-demand delivery. The timing was ideal as smartphone adoption and e-commerce accelerated in the 2010s, creating a fertile environment for food delivery platforms. Market forces such as urbanization, changing consumer habits, and the COVID-19 pandemic further boosted demand for delivery services. DoorDash has influenced the broader ecosystem by innovating white-label delivery solutions and expanding beyond food to groceries, retail, and convenience goods, shaping the future of local commerce logistics worldwide[1][2][4].
Looking ahead, DoorDash is poised to deepen its penetration in existing markets and expand its international footprint through subsidiaries like Deliveroo and Wolt. Trends such as increased consumer preference for subscription services, integration of AI for logistics optimization, and expansion into new verticals like grocery and retail will shape its journey. DoorDash’s influence is likely to grow as it continues to empower local economies and innovate in last-mile delivery, potentially becoming the dominant platform for local commerce logistics globally[4][5].
In summary, DoorDash has evolved from a Stanford dorm-room startup into a global leader in restaurant delivery and local commerce, driven by a mission to empower local economies and a strong focus on technology-enabled logistics innovation.
Key people at DoorDash.
DoorDash has raised $2.8B across 12 funding rounds. Most recently, it raised $400.0M Series H in June 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 3, 2026 | Flink | $100.0M Other Equity | Prosus | Btomorrow Ventures, Aldo Fumagalli, Beppe Fumagalli, Gaetano Marzotto, Hanno Renner, Renzo Rosso, BOND, Cherry Ventures, Mubadala Capital, Northzone, Rewe Group |
| May 26, 2023 | Flink | $160.9M Other Equity | — | Rewe Group |
DoorDash was founded in 2013 by Stanley Tang (Co-Founder & CPO) and Evan Moore (Cofounder) and Tony Xu (Founder/CEO) and Andy Fang (Co-Founder).
DoorDash has raised $2.8B in total across 12 funding rounds.
DoorDash's investors include Durable Capital Partners, Fidelity Management & Research Company, T. Rowe Price Associates, Afore Capital, Arrive, Balderton Capital, CP Ventures, DST Global, FJ Labs, Founder Collective, GFT Ventures, Highbury Group.