Food delivery service DoorDash is talking to banks to secure a line of credit of about $400 million ahead of a potential IPO, according to Bloomberg. DoorDash could go public as early as next year, according to the report. This comes as investors are awaiting an IPO from Postmates, a smaller food delivery company, and after Uber’s second-quarter results showed that its Eats meal delivery unit...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
startups venture capital
Character Seeks $250 Million in New Funding Amid AI Boom
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
Amazon Fresh Hikes Grocery Delivery Fees
Shopify CTO Departs Following Layoffs of Technical Leaders
Bankrupt Online Wine Seller Winc Finds Buyer For Assets
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive microsoft ai
How Microsoft’s Stumbles Led to Its OpenAI Alliance
Thoma Bravo, Vista Approach Sumo Logic About a Possible Buyout
Exclusive google autonomous vehicles
Alphabet’s Waymo Robotaxi Subsidiary Cuts Staff, Including Trucking Engineers
Exclusive startups venture capital
Bolt CEO Cuts Staff a Third Time as Revenue Lags