The Wall Street Journal reports that Door Dash "is close to securing new funding that would value the largest U.S. meal-delivery company at more than $15 billion before the infusion, as a wave of deal making sweeps over the red-hot industry."
Exactly how red-hot? "DoorDash was valued at around $13 billion in 2019, nearly ten times what it fetched a year earlier. Should the San Francisco company manage to seal a deal at an even higher valuation, it would be a sign of the improving outlook for meal-delivery companies in the coronavirus era.
"DoorDash filed to go public in February, shortly before the coronavirus upended the economy and financial markets, and is still aiming for a listing this year."