DoorDash
On a mission to grow and empower local economies
Image credit - © DoorDash
What does it do?
DoorDash is a tech company that makes it easy for people to get food, groceries, and more, delivered from local stores and restaurants to their doorstep, using an app that also helps these businesses grow. It currently operates in more than 25 countries worldwide and is headquartered in San Francisco, USA.
Why do we invest?
The way we get things that we want to our door is increasingly personalised and on demand. Doordash has built the infrastructure for local commerce to thrive in this ‘convenience economy’.
Its technology platform enhances local community connectivity through door-to-door delivery, providing a logistics platform for local businesses to deliver a broad range of goods directly to consumers, quickly and efficiently.
DoorDash stands out today by making data-driven decisions to widen its service range and by focusing on making customers and its delivery drivers (‘Dashers’) happy. It's grown by reducing fees, offering more choices, and boosting Dashers' earnings, which strengthens its position in the delivery market. Financially, it has shown remarkable growth, benefiting from the shift to online delivery post-pandemic and being in a strong position compared to others in this space.
Looking ahead, DoorDash's prospects are promising, thanks to its strategic data use to better understand its customers, expansion into new sectors, and solid financial foundation. The company’s culture of excellence in execution is also key. Its innovative approach benefits all parties involved—consumers, merchants, and Dashers—and its vision to empower local economies positions it for long-term success as online delivery continues to grow.
Who is key?
Co-Founder and CEO Tony Xu's leadership is crucial for DoorDash, merging visionary insight with operational prowess. He positions DoorDash beyond food delivery, as a key last-mile logistics entity, differentiating it for growth. His emphasis on efficiency, customer satisfaction, and an innovative leadership approach has effectively navigated the competitive landscape, underlining his vital role in the company's success.
When
Founded in: 2013
Invested in: 2020
Where
Headquartered: U.S.
Listing status
Public
Important information
The company showcased on this page is part of a diversified portfolio. The commentary should not be taken as advice on an individual stock.
Investment trusts are UK public companies and are not authorised and regulated by the Financial Conduct Authority. You may not get back the amount invested and please bear in mind that past performance is not a guide to future performance.