Aug 17, 2018 Company

Accelerating Our Momentum

DoorDash Raises Growth Capital During Breakout Year

By all accounts, 2018 has been a breakout year for DoorDash.

  • We grew 250% YOY – more than tripling our business – to become the fastest growing last mile logistics company in the U.S., according to Edison Trends.
  • Our geographic footprint nearly doubled since January to more than 1,000 cities across the U.S and Canada. We’re on pace to reach 2,000 cities by the end of the year, serving 200 million Americans.
  • Leading the industry in selection, we added more top 100 restaurants to our platform than all other industry players combined, including national favorites like Chipotle, IHOP, Red Lobster and White Castle, while signing exclusively with The Cheesecake Factory last month.
  • Building on the incredible momentum of DoorDash Drive, we announced a national grocery delivery partnership with Walmart that has now expanded to nearly 300 stores in 20 states in the last four months.
  • Last week we debuted the DashPass subscription service and Pickup feature to generate even greater value for our merchant partners, while driving stronger loyalty among our customers with lower prices.
  • Through Project Dash, we saved over 30,000 pounds of food to combat food waste.
  • We grew our talented team by over 250 people in offices across the country, and welcomed key executives, including Chief People Officer, Sarah Wagener and Chief Financial Officer, Prabir Adarkar.

To help us capitalize on this momentum, we are excited to share that we have closed $250 million in a growth round co-led by Coatue Management and DST Global, valuing the company at $4 billion.

As we grow, we will stay true to our values and our mission of connecting people with possibility – and, trust us, we’re just getting started.