Delivery Hero plans a tasty $450M IPO Following a shakeout that caused several startups to scale back or shut down in recent years, the survivors of the on-demand food-delivery sector arehoping to take a victory lapin the public markets. Last week, Blue Apron filed for an IPO on the NYSE. Now, Delivery Hero says it’s planning to do the same on the Frankfurt stock exchange.(Venture Beat)
Meal delivery heating up Blue Apron, a meal kit delivery service company, has filed for an IPO. The company reported $795 million in revenue for 2016, up from $341 million in revenue for 2015. It lost $55 million in 2016 compared to $47 million in 2015. There's been a lot of press coverage recently on the failure of VC-backed food delivery businesses. Most of it claims that food delivery in general is not a viable business. (Small Business Labs)
Food-delivery company Doordash valued at $7.1B in new funding round 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) 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)