DoorDash: What It Does, Who Runs It, Funding and News
DoorDash is a San Francisco company that runs local delivery marketplaces, where people order from restaurants, grocers and other stores, plus software and delivery services for merchants. Tony Xu, Andy Fang and Stanley Tang founded it in 2013, the year it went through Y Combinator. It is publicly traded and operates in over 40 countries.
DoorDash is a publicly traded company that connects people with local restaurants and stores for delivery, and sells the technology behind it to merchants. It was founded in 2013, went public in December 2020, and says in its 2025 annual report that its marketplaces operate in over 40 countries, including the United States.
Its business now runs under three consumer brands: DoorDash, Wolt and Deliveroo. The sections below cover the key facts, what the company sells, who leads it, how it was funded and what it has announced over the past year and a half.
DoorDash key facts
Detail | Source | |
|---|---|---|
Founded | 2013, incorporated as Palo Alto Delivery Inc.; renamed DoorDash, Inc. in 2015 | |
Founders | Tony Xu, Andy Fang, Stanley Tang | |
CEO | Tony Xu, CEO since May 2013; also Chair | |
Headquarters | 303 2nd Street, South Tower, 8th Floor, San Francisco, California | |
Employees | Over 31,400 worldwide at December 31, 2025 | |
Stock | Class A shares listed as DASH; Nasdaq in its 2026 releases | |
Accelerator | Y Combinator, Summer 2013 | |
2025 revenue | $13.7 billion | |
Website |
Headcount figures differ by source. YC's company page lists a team size of 8,600, while the 10-K reports over 31,400 employees at the end of 2025. The filing is the more recent and formal record.
What DoorDash does
DoorDash runs online marketplaces where consumers order from local merchants and couriers the company calls Dashers deliver the orders. The 10-K names its primary offerings as the DoorDash, Wolt and Deliveroo marketplaces and a Commerce Platform for merchants.
- Marketplaces. Restaurants, grocery, retail and other local stores. The filing reports over 56 million monthly active users in December 2025.
- Memberships. DashPass, Wolt+ and Deliveroo Plus, with over 35 million members combined at December 31, 2025.
- Dashers. Over 9 million people dashed in 2025 and earned over $20 billion in total, per the filing.
- Commerce Platform. Tools merchants use to run their own business, including Drive, a white-label delivery service, digital ordering, and reservations and guest management through SevenRooms.
In 2025 the company generated nearly $75 billion in sales for local merchants, according to its fourth-quarter release of February 18, 2026.
Who runs DoorDash
Tony Xu, a co-founder, has been CEO and a director since May 2013 and is Chair of the board, according to the 2026 proxy statement filed on April 20, 2026. The proxy lists these executive officers:
Name | Role | Since |
|---|---|---|
Tony Xu | Chief Executive Officer, Co-Founder, Chair and Director | CEO since May 2013 |
Prabir Adarkar | Chief Operating Officer and President | March 2023 |
Ravi Inukonda | Chief Financial Officer | March 2023 |
Keith Yandell | Chief Business Officer | January 2022 |
Tia Sherringham | General Counsel and Secretary | January 2022 |
The two other co-founders remain on the board. Andy Fang has been a director since May 2013 and Head of LaunchPad, the company's new software products team, since November 2022. Stanley Tang has been a director since May 2013 and Head of DoorDash Labs since November 2017. The board had 11 members at the time of the proxy.
DoorDash funding and IPO
DoorDash was backed by venture investors before its December 2020 initial public offering. The table lists the rounds with published amounts and leads, and the IPO.
Event | Date | Amount | Lead or detail |
|---|---|---|---|
Rounds before Series D | Before 2018 | About $186 million in total | |
Series D | March 1, 2018 | $535 million | Led by SoftBank Group, with Sequoia Capital, GIC and Wellcome Trust; TechCrunch reported a $1.4 billion post-money valuation |
Initial public offering | Priced December 8, 2020; trading from December 9, 2020 | 33,000,000 Class A shares at $102.00 | New York Stock Exchange, symbol DASH (DoorDash release) |
At $102 a share, the 33 million shares come to about $3.4 billion before underwriting costs. The stock first listed on the New York Stock Exchange; DoorDash's 2026 earnings releases give the listing as Nasdaq: DASH.
Acquisitions
DoorDash's major acquisitions include two international delivery companies and a restaurant software company.
Company | Completed | Detail | Source |
|---|---|---|---|
Wolt (Finland) | 2022 (completion announced June 1, 2022) | All-stock deal that took DoorDash to 27 countries at the time | |
SevenRooms (US) | June 13, 2025 | Reservations and guest-management software; fair value of consideration $1,152 million | |
Deliveroo (UK) | October 2, 2025 | Cash offer through a UK scheme of arrangement; fair value of consideration $3,724 million |
At closing, Deliveroo operated in nine countries: Belgium, France, Italy, Ireland, Kuwait, Qatar, Singapore, the United Arab Emirates and the United Kingdom, per DoorDash's completion release.
DoorDash news, 2025 to 2026
- June 13, 2025: DoorDash completed its purchase of SevenRooms (10-Q).
- September 30, 2025: Local reporting described Dot, a delivery robot DoorDash built in-house, starting early access in Tempe and Mesa, Arizona; it can travel at up to 20 mph on streets and sidewalks (azfamily).
- October 2, 2025: The Deliveroo acquisition became effective (release).
- February 18, 2026: Full-year 2025 results: revenue of $13.7 billion and GAAP net income attributable to common stockholders of $935 million. Fourth-quarter total orders rose 32% year over year to 903 million (release).
- May 6, 2026: First-quarter 2026 revenue rose 33% to $4.0 billion on 933 million orders. The company said it had begun moving its three marketplace brands onto a single global technology platform (release).
- August 5, 2026: Second-quarter revenue rose 36% to $4.5 billion on 970 million orders. DoorDash said it had launched Ask, an AI assistant for finding restaurants, and that DoorDash Air had earned Part 135 air carrier certification from the FAA (release). Part 135 is the set of FAA rules a drone operator must be certified under to carry other people's packages for pay beyond the pilot's visual line of sight (FAA).
The second-quarter release said DoorDash expected third-quarter 2026 Marketplace gross order value (the total value of orders placed on its marketplaces, not DoorDash's revenue) of $33.0 billion to $34.0 billion.
Frequently asked questions
Who founded DoorDash?
Tony Xu, Andy Fang and Stanley Tang co-founded DoorDash in 2013. All three still sit on its board, and Xu is CEO and Chair.
Who is the CEO of DoorDash?
Tony Xu, a co-founder, has been CEO since May 2013 and is also Chair of the board, according to the company's April 2026 proxy statement.
Is DoorDash a public company?
Yes. DoorDash went public in December 2020 at $102 a share, and its Class A stock trades under the symbol DASH.
Where is DoorDash headquartered?
DoorDash's principal executive offices are at 303 2nd Street in San Francisco, California, according to its 10-K for 2025.
Does DoorDash own Deliveroo and Wolt?
Yes. DoorDash completed its acquisition of Wolt in 2022 and of Deliveroo on October 2, 2025, and runs both as separate consumer brands.
Before you meet someone from DoorDash
Merlin's People panel keeps your own history with each contact in one place: the emails and meetings you've shared, your notes, and who is waiting on a reply from you. It runs on a Mac, builds that record from Gmail and Google Calendar, and has a free plan.
Get Merlin