In this March 1, 2016 photo, food delivery workers from Meituan, an E-commerce company, arrive for their daily briefing in Beijing.

Order up! DoorDash nabs $535 million in SoftBank-led funding

$535 million

Food delivery startups aren’t as fresh as they use to be, but companies like DoorDash are still ordering up massive piles of investor cash.

Published   |  Photo by AP Photo/Andy Wong
In this March 1, 2016 photo, food delivery workers from Meituan, an E-commerce company, arrive for their daily briefing in Beijing.
$535 million

DoorDash’s latest cash infusion of $535 million from SoftBank and other investors shows the sector is still reasonably attractive for startups that managed to survive.

In this March 1, 2016 photo, food delivery workers from Meituan, an E-commerce company, arrive for their daily briefing in Beijing.
$535 million

UberEats, which has spread to 120 global markets, managed to turn a profit in 27 cities since July.

In this March 1, 2016 photo, food delivery workers from Meituan, an E-commerce company, arrive for their daily briefing in Beijing.
$535 million

In this March 1, 2016 photo, food delivery workers from Meituan, an E-commerce company, arrive for their daily briefing in Beijing.
$535 million

Food-delivery startups have rustled up $702 billion in funding so far this year—which is two-thirds of 2016’s haul, but still comfortably ahead of 2017’s pace.

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