Bay Area food-delivery service exploring an IPO this year

Discussion in 'Wall St. News' started by dealmaker, Mar 23, 2017.

  1. dealmaker

    dealmaker

    #11     Dec 14, 2018
  2. dealmaker

    dealmaker

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    Food-delivery company Doordash valued at $7.1B in new funding round
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    Those areas in which the company plans to invest the new funds include geographic expansion, signing up more restaurants, increasing its merchant services and investing in its DoorDash Drive product, which allows restaurants to use DoorDash couriers. DoorDash currently services 33,000 U.S. cities. (CNBC)
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    DoorDash raises $400M round, now valued at $7.1B
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    Delivery company DoorDash is announcing that it has raised $400 million in Series F financing. Earlier this month, The Wall Street Journal reported that the San Francisco-based company was looking to raise $500 million at a valuation of $6 billion or more. In fact, DoorDash now says that funding came at a $7.1 billion valuation. (TechCrunch)
     
    #12     Feb 22, 2019
  3. dealmaker

    dealmaker

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    #13     Mar 12, 2019
  4. dealmaker

    dealmaker

    DELIVERY WARS
    Why the last mile is the biggest puzzle in the produce aisle

    The delivery company Skipcart is skipping out on its partnership with Walmart, in another supply-chain breakup for the grocery giant.

    The move highlights a dilemma in the war to bring brown paper bags right to your doorstep: Grocery shopping is a drag. Online delivery is booming. Why is it so hard to make money doing it?

    It’s stickier than a cleanup on Aisle 7
    The competition to deliver your groceries is tight. The task can be a logistics nightmare.

    • FreshDirect, which is staging a comeback after years of struggles, angered customers by delivering broken eggs and rotten fruit.
    • Before Walmart ended a delivery partnership with Deliv, Reuters said drivers sometimes had to wait 40 minutes to collect orders.
    • Delays have consequences: One survey found 80% of customers would switch brands if they didn’t get their stuff on time -- or if they couldn’t track the goods all the way home.
    • In another survey, 97% of executives said grocery delivery is unsustainable unless it can be done cheaper.
    Ben Jones, Skipcart’s CEO, told Bloomberg that the grocery-delivery model has a hole in the bag.

    “It doesn’t work today,” he said, “and it’s not going to work six months from now. We’re all losing money.”

    One possible solution: our robot overlords
    In December, Walmart announced a pilot program to test autonomous grocery delivery.
     
    #14     Feb 24, 2020