DoorDash may not be the only on-demand food delivery start-up out there, but it may be the one that dreams biggest with its plans to move beyond food. Those dreams now have a new underwriter in Sequoia Capital, who just led a $17.3 million Series A round of funding for DoorDash, with participation from existing investors Khosla Ventures, Charles River Ventures, Pejman Mar Ventures, and Ted Zagat, of Zagat Survey fame.
Not content to just send dollars, Sequoia partner Alfred Lin is joining the board alongside founders Stanley Tang, Andy Fang, and Tony Xu.
Currently DoorDash isn't a big player, as it only operates in Palo Alto, Mountain View, and San Jose today.
Tomorrow? Well that could be a different story. Though they are new and small, they are shockingly popular and adept at onboardig new customers.
More than happy customers, DoorDash has vision.
“We don’t consider ourselves a food-delivery company, but a tech and logistics company that just happens to deal in food,” co-founder Stanley Tang told TC. “We’re building out the technology and infrastructure to become a super reliant and efficient delivery network.”
To support that network DoorDash has built a dispatch system that self-learns and adapts to different variables. To ensure it has the right number of drivers on at all times, it also uses a capacity-planning algorithm.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.