At the start of the month, food delivery service DoorDash announced it raised another $535 million in Series D funding. The company is looking to expand their reach and employee numbers with these funds. Tony Xu is the CEO of DoorDash. He joins Cheddar to explain some of their goals with this new round. DoorDash is looking to grow their employee base from 550 to 800 employees over this next year. The growth will mostly be in engineering and sales. Xu also says DoorDash is expected to spread from 600 cities to around 1600 cities across North America this year as well. Another focus for DoorDash will be building a strong platform for "last mile logistics." When asked what advice Xu instills on his employees, the CEO says he tells them to keep focused on the smallest level of details. In his opinion, that is what's gotten the company to where it is today.

Share:
More In Business
Apple posts stronger-than-expected Q2 results
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Load More