DoorDash is a well-known on-demand food delivery service. It was co-founded by Stanford University students Evan Moore, Andy Fang, and Tony Xu. This billion-dollar business is a technology-oriented company. It makes most of the logistics services for delivering food to customers by picking it up from restaurants. The company became operational in July 2013, and by May 2019 was offering services in over 4000 cities.
The on-demand food delivery service offers its subscribers the leeway of ordering from practically anywhere. You can pick from over 340,000 restaurants and delis across Canada, Australia, and the USA. The cofounders of DoorDash are mulling over issuing an IPO in 2020; they face stiff competition from Seamless, UberEats, and Postmates. The company, being a private enterprise, does not disclose financials. However, Tony Xu, one of the founders, revealed to Forbes that it was yet to make profits.
The founders were considering raising money by expanding the services and launching new products. Presently, DoorDash is worth nearly $16 billion as a result of their recent upswing. It is the most-used third-party food delivery service in the US due to that success.