DoorDash, Inc.

What does DoorDash own?

DoorDash operates a portfolio of three consumer-facing brands: DoorDash (in the U.S., Canada, and Australia), Wolt (in 23 European countries and other international markets), and Deliveroo (in the UK, France, and other European markets). The company also operates DashMart convenience stores and the DashPass subscription program. DoorDash acquired Wolt in 2022 for approximately EUR 7 billion and Deliveroo in 2025 for approximately $3.9 billion. Both brands operate under their own names rather than being rebranded to DoorDash.

Is DoorDash publicly traded?

Yes. DoorDash, Inc. trades on Nasdaq under the ticker symbol DASH. The company went public on December 9, 2020, pricing its IPO at $102 per share. The stock opened at $182 and closed its first day at $189.51, valuing the company at over $60 billion. The company has a three-class share structure: Class A shares (publicly traded, one vote per share), Class B shares (held by founders, 20 votes per share), and Class C shares (non-voting). This structure gives the founders significant voting control.

Who founded DoorDash?

DoorDash was founded in 2013 in Palo Alto, California, by Tony Xu, Stanley Tang, Andy Fang, and Evan Moore. The founders were students or recent graduates of Stanford University. They identified a gap in the local delivery market, where many restaurants did not offer delivery and existing platforms had limited selection. Tony Xu has served as CEO since founding and maintains significant voting control through Class B shares.

Where is DoorDash headquartered?

DoorDash is headquartered in San Francisco, California, USA. The company was originally founded in Palo Alto and later relocated to San Francisco. DoorDash maintains offices in multiple cities across the United States and internationally, including Helsinki (Wolt headquarters), London (Deliveroo headquarters), and other locations. The company employs approximately 23,000 people globally, in addition to its network of independent contractor dashers.

How many brands does DoorDash own?

DoorDash owns three primary consumer-facing brands: DoorDash, Wolt, and Deliveroo. The company also operates DashMart convenience stores and the DashPass subscription program, though these are features within the DoorDash platform rather than separate brands. The multi-brand strategy reflects DoorDash's approach to international expansion through acquisition, maintaining established local brands rather than rebranding them under the DoorDash name.

Who owns DoorDash?

DoorDash is a publicly traded corporation with a three-class share structure. Class A shares are publicly traded and held by institutional investors including Vanguard Group, BlackRock, and Fidelity Investments. Class B shares, which carry 20 votes per share, are held by co-founders Tony Xu, Stanley Tang, and Andy Fang, giving them effective voting control. Class C shares are non-voting. Despite holding a minority of the economic interest, the founders exercise majority voting control through the dual-class structure.

What is DoorDash's revenue?

DoorDash reported fiscal year 2025 revenue of $12.9 billion, up 24% from $10.7 billion in fiscal 2024. Adjusted EBITDA was $2.1 billion, up from $1.2 billion. Marketplace GOV was $87.5 billion, up 19%. In Q1 2026, revenue was $3.6 billion, up 21%, with adjusted EBITDA of $616 million, up 33%. Revenue is generated through merchant commissions, consumer delivery fees, DashPass subscription fees, and advertising. The company serves approximately 40 million monthly active users across more than 30 countries.

DoorDash was founded in 2013 in Palo Alto, California, by Tony Xu, Stanley Tang, Andy Fang, and Evan Moore, all of whom were students or recent graduates of Stanford University. The founders identified a gap in the local delivery market: while many restaurants offered takeout, few had their own delivery capabilities, and existing delivery platforms in the early 2010s had limited restaurant selection. The founders built a platform that aggregated restaurant menus and connected independent drivers with restaurants that did not offer delivery.

The company launched as PaloAltoDelivery.com, serving a small number of restaurants in downtown Palo Alto. The founders initially delivered orders themselves to understand the operational challenges of the business. They rebranded to DoorDash in 2013 and expanded to other Bay Area cities, then to additional metropolitan areas across the United States.

DoorDash raised its Series A in 2014, with $17.3 million from Kleiner Perkins, CRV, and Sequoia Capital. Subsequent rounds brought in significant capital, with a Series D in 2018 valuing the company at $1.4 billion and a Series F in 2019 at $12.6 billion. The company's rapid valuation increase reflected investor enthusiasm for the food delivery market and DoorDash's growing market share, which surpassed Grubhub in 2019 to become the largest food delivery platform in the United States.

The COVID-19 pandemic in 2020 accelerated DoorDash's growth dramatically. With restaurants limited to takeout and delivery, consumer demand for food delivery surged. DoorDash's GOV more than doubled in 2020, and the company's market share in the U.S. increased as consumers shifted to online ordering. The company also expanded its DashPass subscription program and introduced grocery delivery through partnerships with chains including Walmart, Albertsons, and Kroger.

DoorDash went public on December 9, 2020, pricing its IPO at $102 per share. The stock opened at $182 and closed its first day at $189.51, valuing the company at over $60 billion. The IPO was one of the largest technology offerings of 2020 and reflected investor confidence in the long-term potential of the food delivery market, despite concerns about profitability.

In 2021, DoorDash announced its acquisition of Wolt, a Helsinki-based food delivery company operating in 23 European countries, for approximately EUR 7 billion in an all-stock transaction. The acquisition closed in 2022 and gave DoorDash a significant international presence, particularly in Nordic countries, Central Europe, and Israel. Wolt operates under its own brand name, maintaining a separate identity from DoorDash in its markets.

The company expanded beyond restaurant delivery into grocery and retail throughout 2021 and 2022. DoorDash partnered with grocery chains including Albertsons, Kroger, and Walmart to offer on-demand and scheduled grocery delivery. The company also launched DoorDash Marketplace, enabling non-restaurant merchants to sell products through the DoorDash platform. By 2025, DoorDash partnered with over 2,000 grocery and retail brands globally.

In 2023, DoorDash acquired Caviar from Square (now Block) for an undisclosed sum, though this was a secondary acquisition of a brand that DoorDash had originally sold to Square in 2014. The Caviar brand was integrated into the DoorDash platform.

In 2025, DoorDash announced the acquisition of Deliveroo, a UK-based food delivery company, for approximately $3.9 billion. The acquisition was driven by DoorDash's strategy to expand internationally and compete with Uber Eats and Just Eat Takeaway in European markets. Deliveroo operates in the United Kingdom, France, Belgium, Ireland, and other markets. The acquisition was expected to close in 2025 or early 2026, subject to regulatory approval.

DoorDash has also invested in autonomous delivery technology through partnerships with companies including Cruise and Nuro. The company has tested autonomous vehicle delivery in select markets, though widespread deployment has not yet occurred. In 2024, DoorDash launched DashMart Ultra, a larger format of its DashMart convenience store concept, and expanded its advertising business, which generated significant revenue growth.

In fiscal 2025, DoorDash reported revenue of $12.9 billion, up 24%, with adjusted EBITDA of $2.1 billion, up from $1.2 billion. The company's marketplace GOV was $87.5 billion, up 19%. In Q1 2026, revenue was $3.6 billion, up 21%, with adjusted EBITDA of $616 million, up 33%. The company continued to invest in international expansion, grocery, retail, and advertising, while improving profitability.

DoorDash publishes an ESG report detailing its environmental and social commitments. As a logistics and technology company, DoorDash's sustainability efforts focus on emissions from delivery vehicles, packaging waste, and social impact through its dasher workforce and merchant partnerships.

On climate, DoorDash has set commitments related to emissions reduction, though its direct control over emissions is limited because most deliveries are made by dashers using their own vehicles. The company has explored electric vehicle partnerships and sustainable delivery options, but the fragmented nature of the dasher workforce makes direct emissions reduction challenging. DoorDash's corporate operations, including offices and DashMart locations, have set targets for renewable energy and waste reduction.

On packaging, DoorDash has partnered with packaging companies to offer sustainable options to merchants. The company has also launched initiatives to reduce single-use packaging in delivery orders, though progress has been limited by the decentralized nature of its merchant base.

DoorDash is not a Certified B Corporation. The company has not sought B Corp certification as of 2025.

On social impact, DoorDash has highlighted its role in providing income opportunities for dashers and supporting small businesses through its platform. The company has launched programs including the DoorDash Community Grants program and disaster relief initiatives. However, the company has faced significant criticism over dasher compensation, with workers and advocacy groups arguing that dasher earnings are inadequate and unpredictable.

The company has also faced scrutiny over its relationship with merchants. Some restaurants have criticized DoorDash's commission rates, which can range from 15% to 30% of order value, as excessive. DoorDash has introduced lower-commission tiers and self-delivery options in response, though the core commission structure remains a point of tension.

DoorDash has received recognition for its technology platform and business growth. The company has been included in the Forbes Global 2000 and has been recognized by Fortune as one of the fastest-growing companies in the United States.

CEO Tony Xu has been recognized as one of Fortune's Businessperson of the Year and has been featured in Forbes' list of America's Most Innovative Leaders. The company's technology platform has received industry recognition for its logistics optimization and delivery routing capabilities.

DoorDash has also been recognized for its disaster relief efforts, including providing free meals to healthcare workers during the COVID-19 pandemic and supporting communities affected by natural disasters through its platform.

The company's DashMart concept has been recognized in the convenience retail industry as an innovative approach to last-mile commerce, though it remains a relatively small part of DoorDash's overall business.

DoorDash has faced significant controversy and regulatory scrutiny, primarily related to labor practices, dasher classification, and merchant relationships.

Dasher classification is the most significant regulatory issue. DoorDash classifies its delivery workers as independent contractors, which means dashers are not entitled to minimum wage, overtime pay, workers' compensation, or employee benefits. This classification has been challenged in multiple jurisdictions. In California, DoorDash, Uber, Lyft, and other gig economy companies spent over $200 million supporting Proposition 22 in 2020, a ballot initiative that exempted app-based delivery and ride-hailing drivers from employee classification. The measure passed, but has been challenged in court. In 2023, the California Supreme Court upheld Proposition 22, preserving the independent contractor model for app-based drivers in California.

In other jurisdictions, the classification issue remains unresolved. New York City has implemented minimum pay standards for delivery workers, and several states have considered legislation that would reclassify gig workers as employees. The European Union has also introduced regulations affecting platform workers, with some member states implementing stricter classification rules. DoorDash has adapted its operations in markets where reclassification has occurred, but the overall regulatory trend creates ongoing compliance costs and potential cost structure changes.

Dasher compensation has been a persistent public criticism. Workers and advocacy groups have argued that dasher earnings, after accounting for vehicle expenses and time spent waiting for orders, frequently fall below minimum wage. DoorDash has disputed these claims, citing flexible scheduling and the ability for dashers to earn more during peak periods. The company has implemented minimum earnings guarantees in certain markets in response to regulatory requirements and public pressure.

Merchant commission rates have drawn criticism from restaurant owners and regulators. Some restaurants have argued that DoorDash's commission rates, which can reach 30% of order value for premium placement, are unsustainable for small businesses with thin margins. DoorDash has introduced lower-commission tiers and tools for restaurants to manage their presence on the platform, but the fundamental commission structure remains a point of tension. In 2020, San Francisco capped delivery commission rates at 15% during the pandemic, and other cities have considered similar measures.

Data privacy and tipping practices have also drawn scrutiny. In 2019, DoorDash faced criticism for a tipping policy that used customer tips to subsidize dasher base pay rather than adding tips on top of base pay. The company changed the policy following public backlash, ensuring that tips go directly to dashers. The company has also faced questions about its use of merchant and consumer data, particularly around advertising and competitive intelligence.

Market dominance has attracted antitrust attention. DoorDash's 67% U.S. market share gives it significant pricing power, and regulators have examined whether the company's practices harm competition. No formal antitrust action has been filed against DoorDash as of 2026, but the Deliveroo acquisition received regulatory review in multiple jurisdictions before approval.