SoftBank is in talks with food delivery service DoorDash regarding a $300m investment from its Vision Fund.
Telecommunications firm SoftBank’s Vision Fund has entered talks to invest approximately $300m in US-based local delivery services provider DoorDash, Recode reported yesterday, citing sources familiar with the deal.
Founded in 2013, DoorDash provides last-mile logistics for restaurants and, partnering some 40,000 local outlets and more than 50 national chains such as Taco Bell, Five Guys and Subway, in more than 300 cities across the US.
The company uses a network of more than 75,000 freelance ‘Dashers’ to make deliveries, and…
