DoorDash is an online food ordering and food delivery platform. The company was founded in 2012 by Tony Xu, Stanley Tang, Andy Fang and Evan Moore at Stanford University. The company was originally called PaloAltoDelivery.com. However, since then the company has grown and changed its name to DoorDash. DoorDash is headquartered in San Francisco, California.
DoorDash originally launched as PaloAltoDeliverty.com in January 2013 at Stanford University. The online food delivery service became popular amongst Stanford University students, and in the summer of 2013, the company received $120,000 in seed money from Y Combinator in exchange for a 7% stake in the company. The company officially incorporated as DoorDash in June 2013. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion.
In October 2019, DoorDash opened its first shared commissary kitchen, DoorDash Kitchen, in Redwood City, California. DoorDash’s kitchen takes on the infrastructure build-out and permitting responsibilities and co-designs the space with each merchant. These kitchens open up new delivery options to customers living in nearby neighborhoods.
In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders.
In April 2020, in response to the COVID-19 pandemic, DoorDash offered gloves and bottles of hand sanitizer to its delivery drivers for free. The company also changed the its default drop-off option to contactless delivery. Later that same year, in October 2020, DoorDash launched its "Reopen for Delivery" program to have restaurants that have closed due to the COVID-19 pandemic partner with local ghost kitchen operators to offer food delivery and pick-up-only service.
DoorDash has priced its shares at $102 apiece heading into its stock market debut Wednesday, valuing the 7-year-old food delivery company at nearly $39 billion.