DoorDash Reportedly Raising Funding Round

DoorDash is reportedly in the process of raising a $500 million round, reports The Wall Street Journal. The round would value DoorDash at more than $6 billion and possibly up to $7 billion. Temasek Holdings Pte., Singapore's state investment firm, is expected to lead the round.

Last year, DoorDash raised a $250 million round of financing that valued the company at $4 billion. In total, the company has raised nearly $1 billion in funding from investors like SoftBank, Sequoia, DST Global, Kleiner Perkins, and others.

Earlier in 2019, DoorDash became the first startup to operate in all 50 states. Full Story

Related: Most Digital Restaurant Orders Placed through Apps; DoorDash to Pilot Self-Driving Vehicles.

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