DoorDash Archives - eResearch

Instacart Drops Valuation Ahead of IPO but Reports Positive Profits in H1/2023

August 27, 2023 Chris Thompson

Instacart, a prominent figure in the online grocery delivery landscape, has unveiled its intentions to enter the public market. Instacart’s financial health has shown a significant improvement in recent years. Total revenue hit $2.55 billion in 2022 up from $1.83 million in 2021, an increase of 39%. The company reported a profit of $428 million in 2022, up from a net loss of $73 million in 2021. [more]

Bardown – Uber into the Top Shelf of the Liquor Cabinet with Drizzly Acquisition

February 20, 2021 Michael Lacasse

Propelled by surging eCommerce, Drizly cashes in on shuttered bars with sale to Uber. It is the second major deal in the last year for Uber after buying Postmates for $2.65 billion in 2020. [more]

DoorDash the Largest Food Delivery Company in the U.S. to IPO on the NYSE

November 15, 2020 Jay Yi

Last week, DoorDash, a U.S. food delivery company, filed its Form S-1 Prospectus with plans fora NYSE listing under the ticker “DASH”. Earlier this year, DoorDash raised $400 million, on a $16B valuation. [more]

Foodora Exits Canada and Files for Bankruptcy with $4.7 Million in Obligations

April 29, 2020 Jay Yi

Foodora announces closing of its Canadian arm and files for bankruptcy, however, its parent company, Delivery Hero SE, a Berlin-based food delivery company, reported revenue growth of 92% in Q1/2020. [more]

Delivery-Service Companies Experience Demand Explosion

March 23, 2020 Jay Yi

Amazon, DoorDash, and Blue Apron, are experiencing high volumes of demand for deliveries as countries lock down communities due to the Covid-19 virus. [more]

California’s New “Gig Economy” Labor Law Takes Effect on January 1 – Targets DoorDash, Lyft & Uber

December 28, 2019 Chris Thompson

Uber and Lift have commented that their drivers will remain contractors when the new law takes effect and this is likely lead to lawsuits. [more]