The SoftBank-backed food delivery service hiked its valuation from $13bn to $16bn in a round led by Durable Capital Partners.

DoorDash, the US-based food delivery service backed by telecommunications and internet conglomerate SoftBank, has received $400m in funding at a $16bn post-money valuation, Axios reported today. The round was led by venture capital firm Durable Capital Partners and also featured financial services and investment group Fidelity and investment manager T. Rowe Price. The valuation represented…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.