DoorDash's appetite for growth will cost it $410 million as the San Francisco delivery giant prepares to gobble up rival service Caviar. The acquisition will combine two leading companies in the increasingly competitive delivery market, and bookends DoorDash's recent funding spree that has valued the company for more than $12.5 billion. DoorDash CEO Tony Xu wrote in a blog post that the deal will provide access to Caviar's roster of high-end, specialty restaurants — and with that, customers hungry for those higher-ticket options. Read More...
DoorDash drops $410M to acquire Caviar on road to delivery domination
DoorDash’s appetite for growth will cost it $410 million as the San Francisco delivery giant prepares to gobble up rival service Caviar. The acquisition will combine two leading companies in the increasingly competitive delivery market, and bookends DoorDash’s recent funding spree that has valued the company for more than $12.5 billion. DoorDash CEO Tony Xu wrote in a blog post that the deal will provide access to Caviar’s roster of high-end, specialty restaurants — and with that, customers hungry for those higher-ticket options.
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