Doordash gets $127M more for its food delivery service — and avoids getting crunched too badly

Doordash, the food delivery company that helps restaurants deliver food to their customers’ homes for a fee, has raised another $127 million in its third round of funding.

The company just posted about the Series C funding today, after months of speculation that it was struggling to raise the money at the $1 billion valuation. The company’s existing investors had initially challenged it to raise money at that sky-high valuation, but that was last year, before the extensive expectation resetting in the start-up…

Source link

Doordash gets $127M more for its food delivery service — and avoids getting crunched too badly