US food delivery startup raises $535 mn, now valued $1.4 bn
California-based restaurant delivery startup DoorDash has announced it has raised $535 million, which reportedly boosted its valuation to $1.4 billion. The Series D funding round was led by SoftBank, with participation from Sequoia Capital, GIC and Wellcome Trust. DoorDash plans to expand from 600 to 1,600 cities in the US and Canada and hire 250 employees, said CEO Tony Xu.