The SoftBank-backed food delivery service hiked its valuation from $13bn to $16bn in a round led by Durable Capital Partners.
DoorDash, the US-based food delivery service backed by telecommunications and internet conglomerate SoftBank, has received $400m in funding at a $16bn post-money valuation, Axios reported today.
The round was led by venture capital firm Durable Capital Partners and also featured financial services and investment group Fidelity and investment manager T. Rowe Price. The valuation represented an increase from a post-money valuation of about $13bn for DoorDash’s last round.
Founded in 2013, DoorDash operates an online platform where users can order…
