DoorDash, Inc. is a San Francisco–based company known for its online food ordering and delivery services. It holds a significant market share in the United States and convenience delivery. Despite its success, DoorDash has faced criticism and legal issues related to its business practices.
In the fall of 2012, Chloe, the owner of a macaroon store in downtown Palo Alto, showed DoorDash founders a thick booklet of delivery orders, sparking the idea for the company. This moment was the catalyst for DoorDash's creation.
DoorDash was founded in October 2012 by Evan Charles Moore, Andy Fang, Stanley Tang, and Tony Xu, who were all students at Stanford University. The company started its journey under the name Palo Alto Delivery.
DoorDash made its first delivery on January 12, 2013, just three months after its founding. The initial delivery operations began on the Stanford campus, marking the start of DoorDash's journey in the delivery service industry.
On May 21, 2013, DoorDash is officially incorporated in Delaware, seven months after its founding and four months after its launch.
DoorDash was founded on October 4, 2013, with a mission to enable every merchant to deliver. The idea originated from the founders' interaction with a small business owner who struggled with fulfilling delivery orders.
In May 2014, DoorDash secures a $17.3 million Series A funding round led by Sequoia Capital, with participation from other investors. This investment marks a significant milestone for the company in its early stages.
In June 2014, DoorDash expanded its operations to Los Angeles, marking a significant geographic expansion for the company. This move allowed DoorDash to serve customers in a new major city.
In September 2014, DoorDash expands its services beyond the west coast by launching in Boston.
In October 2014, DoorDash raised its Series A funding round, with Tang reflecting on the journey from Stanford to establishing a successful startup. The funding round included a $15 million investment from Sequoia.
In November 2014, DoorDash reveals a new logo inspired by the Japanese bullet train, Shinkansen.
Reports on DoorDash being valued at $1 billion.
Speculations on DoorDash not reaching unicorn status.
DoorDash celebrates its four-year anniversary since the official launch. The company reflects on its growth over the years, from a small operation to a major player in the on-demand delivery industry, serving millions of customers and partnering with renowned restaurants.
DoorDash went public on the New York Stock Exchange on December 9, 2020, with an initial public offering price of $102 per share. The company's stock closed at nearly $190 per share on the first day, valuing the company at $72 billion.
As of December 31, 2020, DoorDash had a 56% market share in food delivery in the US and a 60% market share in convenience delivery. The platform was being used by 450,000 merchants, 20,000,000 consumers, and one million delivery couriers.
On February 8, 2021, DoorDash announced its acquisition of Chowbotics, a robotics company known for its salad-making robot.
On November 9, 2021, DoorDash announced its acquisition of the Finnish technology company Wolt for over $8.1 billion.
In June 2022, DoorDash expanded its services into the Wellington Region of New Zealand, continuing its global growth.
In August 2022, DoorDash announced the end of its partnership with Walmart, terminating the cooperation agreement established in 2018.
In late November 2022, DoorDash revealed plans to lay off 1,250 corporate employees, constituting about six percent of their workforce, in a cost-cutting measure.
DoorDash, founded in a Stanford dorm room, has emerged as the top delivery app, surpassing Grubhub. Over the span of 10 years, it has solidified its position in the market.
DoorDash celebrated its 10th anniversary and a decade of empowering local communities in 2023. Customers also celebrated special moments with DoorDash, whether it was a birthday, graduation, holiday, game day, or just because.
DoorDash collaborates with Wing to launch a drone delivery pilot program in the US, exploring innovative ways to enhance the delivery experience for customers.
DoorDash expands its services by partnering with Lowe's as its first home improvement retail partner, offering customers more diverse delivery options beyond food.
DoorDash introduces a new Portable Benefits Savings Program for Dashers in Pennsylvania, aiming to provide additional support and benefits for its delivery partners in the state.