Meals provide startup DoorDash announced this afternoon that it has raised $250 million, upright 5 months since the corporate announced a $535 million round.
Why raise more money so soon? CEO Tony Xu urged Axios that he wasn’t actively taking a learn about extra funding, nonetheless became birth to investor ardour because it might maybe maybe maybe perchance well well aid the corporate enlarge more rapid. (Possibly he’ll agree with more to sigh about these plans at Disrupt SF subsequent month.)
The unusual funding became led by Coatue Management and DST International. It appears to be like like the phrases were honest appealing too, with the valuation rising from $1.Four billion to $Four billion. In a weblog submit, the corporate stated it’s had a correct 2018, with deliveries rising 250 p.c year-over-year, restaurant chains like Chipotle and IHOP signing up and closing week’s birth of the DashPass subscription provider, the attach additionally, you pays $9.ninety