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venture capital

DoorDash Valuation to Rise 25% in New Equity Funding From Mutual Funds

By
Amir Efrati
· · Source: The Information

The U.S. leader in on-demand delivery of restaurant food, DoorDash, is poised to raise at least several hundred million dollars from mutual funds and others, said a person with knowledge of the situation. The move is expected to raise the company’s pre-investment valuation by 25% to $15 billion compared to its last equity funding last year. And it further increases the company’s cash balance,...

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