Friday, February 28, 2020

Daily Crunch - DoorDash files to go public

TechCrunch Newsletter
TechCrunch logo
The Daily Crunch logo

Thursday, February 27, 2020 By Anthony Ha

DoorDash prepares to go public, Roblox raises $150 million and Reddit’s CEO takes aim at TikTok. Here’s your Daily Crunch for February 27, 2020.

DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO

The company said that its Form S-1 (a draft registration statement) was filed with the SEC and is now being reviewed. It did not say how many shares it would potentially sell, nor the price range for the IPO, nor what the timing of its next steps would be.

The timing of the news underscores just how cash-intensive the on-demand food delivery business can be. DoorDash closed its latest round, for $700 million at a $13 billion valuation, in November of last year.

Read more

DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO image

Image Credits: Photo by Tibrina Hobson/Getty Images for Los Angeles Times Food Bowl / Getty Images

Your wiki, projects, and docs - all in one place

Sponsored by Notion

Tired of hopping through dozens of apps, tabs, and notifications just to get one thing done? Notion brings all your work together in one spot so it's easy to find and everyone's on the same page.

Read more

Roblox raises $150M Series G, led by Andreessen Horowitz, now valued at $4B

The funding comes at a period of significant growth for the gaming platform. Just last summer, it was being visited by 100 million users, topping Minecraft, and its developer community of over 2 million actives earned $110 million in 2019.

Read more

Reddit CEO: TikTok is 'fundamentally parasitic'

At the Social 2030 conference, Reddit CEO Steve Huffman pushed back hard on the notion that Silicon Valley startups had something to learn from TikTok, saying, “Maybe I'm going to regret this, but I can't even get to that level of thinking with them. Because I look at that app as so fundamentally parasitic, that it's always listening, the fingerprinting technology they use is truly terrifying, and I could not bring myself to install an app like that on my phone."

Read more

Reddit CEO: TikTok is 'fundamentally parasitic' image

Image Credits: Horacio Villalobos - Corbis / Contributor / Getty Images

Apple to begin online sales in India this year, open first retail store in 2021

For a decade, Apple has solely relied on third-party sellers, stores and marketplaces to sell its products in India. That will begin to change this year.

Read more

What virtual worlds in the coming multiverse era will look like

In Part 3 of our virtual worlds series, we imagine what the experience of these new social environments will feel like. (Extra Crunch membership required.)

Read more

What virtual worlds in the coming multiverse era will look like image

Image Credits: Thomas Barwick / Getty Images

Dahmakan, a Malaysian 'full-stack' food delivery startup, raises $18M Series B

Launched by former executives from Foodpanda, Dahmakan was the first Malaysian startup to participate in Y Combinator's startup accelerator program. Operational costs for food delivery companies are notoriously high, but Dahmakan is among several startups that use "cloud" kitchens, located closer to customers, to reduce delivery costs.

Read more

Vice President Mike Pence will lead the US response to the COVID-19 outbreak

In a press conference, President Donald Trump tapped Vice President Mike Pence to lead the U.S. response to the COVID-19 outbreak that has spread through Europe, Asia and Latin America. The new coronavirus strain has infected about 81,000 people around the world, killed 3,000 and wrought havoc on the global economy.

Read more

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2020 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103

No comments:

Post a Comment