DoorDash operates an on-demand delivery and logistics platform that connects customers with local restaurants, grocery stores, and retail partners. Through its mobile app and marketplace, users can order food, groceries, and essentials for same-day delivery or pickup.
Merchants access digital storefronts, delivery infrastructure, analytics, and marketing tools, while Dashers earn flexible income through the platform’s logistics network.
What Is DoorDash and What Does It Do?
DoorDash, founded in 2013 by Tony Xu, Stanley Tang, Evan Moore, Andy Fang, and DJ Patil, is a same-day food and grocery delivery platform headquartered in San Francisco, United States.
DoorDash employs 23,700 people as of December 2024 and the company enables consumers to discover local restaurants and retail stores, place on-demand orders, and receive fast doorstep delivery through its marketplace and logistics ecosystem available on iOS and Android.
How Much Funding Has DoorDash Raised?
1. Series H
• Amount Raised: $400M
• Date: June 2020
• Lead Investors: Durable Partners, Fidelity Investments, T. Rowe Price
• Motivation: To strengthen the balance sheet, expand grocery and convenience verticals, and invest in logistics technology.
2. Series G
• Amount Raised: $100M
• Date: November 2019
• Lead Investors: T. Rowe Price
• Motivation: To extend runway, accelerate growth, and support market expansion.
3. Series G
• Amount Raised: $600M
• Date: May 2019
• Lead Investors: Sands Capital Ventures, Coatue, Dragoneer Investment Group, DST Global, Temasek, Sequoia Capital, SoftBank Vision Fund
• Motivation: To fund aggressive expansion, international growth, and category diversification.
Total Funding Raised: $2.5 Billion
Current Valuation: $12.6 Billion (as of May 2019)
Latest Funding Date: June, 2020
Key Investors
1. Sequoia Capital
• Details: A top-tier venture capital firm backing category-defining companies.
• Investment Focus Areas: Consumer internet, SaaS, marketplaces.
• Notable Investments: DoorDash, Airbnb, WhatsApp.
2. SoftBank Vision Fund
• Details: A global technology fund investing in high-growth platforms.
• Investment Focus Areas: Mobility, marketplaces, fintech, enterprise tech.
• Notable Investments: Uber, DoorDash, WeWork.
3. T. Rowe Price
• Details: A global investment manager focused on late-stage technology companies.
• Investment Focus Areas: Technology, consumer, healthcare.
• Notable Investments: DoorDash, Zoom, Tesla.
4. Fidelity Investments
• Details: A major asset manager with strong growth equity investments.
• Investment Focus Areas: Technology, consumer, financial services.
• Notable Investments: DoorDash and other high-growth companies.
5. Temasek
• Details: Singapore-based global investment group.
• Investment Focus Areas: Consumer, financial services, technology, transportation.
• Notable Investments: DoorDash, Alibaba, Meituan.
Where Is DoorDash’s Headquarters?
DoorDash is headquartered in San Francisco, United States, providing access to world-class tech talent, investor networks, and a thriving ecosystem of consumer internet and logistics companies.
What’s Next for DoorDash?
DoorDash is expected to expand deeper into grocery, convenience, and retail categories, while improving logistics optimization and AI-powered dispatch. The company is also likely to accelerate international expansion and strengthen its position as the leading platform for last-mile delivery and local commerce.
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