FILE PHOTO: Cincinnati DoorDash worker Renee Shell delivers an order from Walmart in Cincinnati, Ohio, U.S., July 1, 2018. Photo taken July 1, 2018. REUTERS/Lisa Baertlein
(Reuters) – SoftBank-backed (9984.T) food delivery startup DoorDash said on Thursday it had confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission.
DoorDash competes with Uber Technologies Inc’s (UBER.N) Uber Eats, GrubHub Inc (GRUB.N) and Postmates Inc and is currently valued at nearly $13 billion.
It counts SoftBank Vision Fund, DST Global, Temasek Capital and Sequoia Capital among its top investors.
In 2019, the company raised $600 million from its existing and new investors Darsana Capital Partners and Sands Capital.
Reporting by C Nivedita in Bengaluru; Editing by Shinjini Ganguli and Anil D’Silva