Food delivery service DoorDash stepped into the coveted “unicorn” club with its latest $535 million funding round, which values it at $1.4 billion.
And CEO Tony Xu wants to make sure the company is “scaling quality as we scale quantity,” Xu told Cheddar.
“We’re going to be growing to every zip code in every city in North America. As a result, we have to make sure that we keep focusing on the basics.”
DoorDash operates in an increasingly competitive space with brands like Seamless, GrubHub, and UberEats all vying for domination.
To stay ahead, Xu says his company focuses on maintaining a variety of merchants.
“It starts with offering the broadest selection and offering at the highest quality [with] a consistent level of service.”
He pointed out that DoorDash serves 90 percent of the top 100 restaurant brands that offer delivery. “That’s more than all our peers combined.”
Going forward, Xu sees DoorDash automating parts of its delivery logistics.
“We’ve been working with autonomous delivery systems for about three years now,” said Xu. “It’s really a very difficult problem because you’re talking about solving the first- and last-10-feet problem. So this is going to take some time before it truly develops.”
Xu also envisions using DoorDash’s technology to get industries beyond restaurants online. “When you can deliver a burrito hot and deliver ice cream that does not melt, you can deliver just about anything.”
But Xu didn’t go into any details of the industries that DoorDash is eyeing next.
For the full interview, [click here](https://cheddar.com/videos/doordash-raises-535-million-in-series-d-funding).
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
Archer Aviation founder and CEO Adam Goldstein shares big news about the aerospace company's new partnership with NASA and why they want to make your trip to the airport just five minutes long.
iFit CEO Kevin Duffy shares how the company is bringing artificial intelligence-powered workouts to consumers, plus other fitness trends to be on the lookout for in 2024.
