DoorDash is an American food delivery service. It launched in Palo Alto, California in 2012. As of January 2020, it had the largest food delivery market share in the United States. The company has not recorded a full-year profit since its launch in 2013.
About DoorDash in brief
DoorDash is an American food delivery service. It launched in Palo Alto, California in 2012. As of January 2020, it had the largest food delivery market share in the United States. DoorDash has raised more than USD 700 million over several financing rounds from investors including Y Combinator, Charles River Ventures, SV Angel, Khosla Ventures, Sequoia Capital, SoftBank, GIC, and Kleiner Perkins. In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders. Public trading began on December 9, 2020.
The company has not recorded a full-year profit since its launch in 2013. It has attracted criticism from several publications, including The New York Times, and later The Verge and Vox, for its tipping policy, which, according to Gothamist, “really looks, feels, and smells like a swindle” In April 2020, a group of New Yorkers sued DoorDash, GrubHub, Postmates, and Uber Eats, accusing them of using their market power monopolistically by only listing restaurants on their apps if the dine-in contracts require prices be the same for customers.
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This page is based on the article DoorDash published in Wikipedia (as of Dec. 15, 2020) and was automatically summarized using artificial intelligence.
