DoorDash's CFO on the company's Fortune 500 debut: ‘Our goal wasn't to build a food delivery business' [Fortune]
DoorDash, Inc. (DASH)
Company Research
Source: Fortune
What's behind that momentum? “We have three customers: consumers, merchants, and Dashers,” CFO Ravi Inukonda told me. “When we first started, our goal wasn't to build a food delivery business. The goal was to build a local commerce business.” But DoorDash quickly noticed that food delivery was a high-frequency use case, with people generally eating three times a day—or 100 times a month. That led to the company building out two strong networks: a “very powerful delivery network,” and one for consumers, Inukonda explained. After beginning in the U.S., where it now has over 60% of the food-delivery market share, DoorDash can be found in over 30 countries. The company, founded in 2013, has been adding categories like groceries, alcohol, and retail, and has partnered with Walgreens, CVS, and 7-Eleven. As of Q4 2023, over 7 million consumers are ordering in grocery each month, which is 20% of DoorDash's overall user base. “Our goal is, How do you help consumers discover the best of
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DASH
Earnings
- 5/1/24 - Beat
DASH
Sec Filings
- 6/28/24 - Form 144
- 6/27/24 - Form 4
- 6/25/24 - Form 144
- DASH's page on the SEC website