DoorDash, an Upstart in the Food Delivery Business, Set to Be Valued at $1 Billion

November 23, 2015

The company eyes a global takeover.

The food delivery market isn’t oversaturated yet. DoorDash, one of the newest startups in the game, is planning a new round of funding and will tell investors the company is worth at least $1 billion, reports Bloomberg. This news arrives eight months after DoorDash raised $40 million from investors.

The company’s sky-high valuation comes even though it has seen some negative headlines in recent weeks. In September, a lawsuit filed against DoorDash claimed “they misclassified their delivery drivers as independent contractors.” The move was allegedly intentional to avoid giving workers benefits. Earlier this month, In-N-Out Burger filed…