DoorDash – statistics & facts

Founded in Palo Alto, California, by four Stanford University students as PaloAltoDelivery.com in 2013, Door Dash has come a long way since its founders started taking phone calls and delivering food for students on campus. Today the company sits atop the online food delivery market in the United States with a market share of 66 percent, and a gross order volume of nearly 67 billion U.S. dollars.

Dashing success

While the pandemic benefitted many players in the online food delivery market, DoorDash was particularly successful in outpacing the competition and building lasting customer engagement in the United States. The company’s success was due to its focus on delivering to consumers in suburban and rural areas that were largely underserved by food delivery giants. The strategy came to fruition relatively fast. By early 2019, the company’s market share surpassed that of key rivals in the U.S. market, Grubhub and Uber Eats. The following year, DoorDash had raised some 2.5 billion U.S. dollars in funding, making the company one of the largest recipients of funding in the online food delivery sector worldwide. Despite never turning in a profit and the highly competitive industry it operates in, the start-up was only seven years old when its stock market debut valued the company at a whopping 72 billion U.S. dollars in December 2020.

Global expansion efforts

Beyond its success in its home market, DoorDash vied for consumer reach overseas. In 2023, DoorDash was the fourth most downloaded food delivery app globally with more than 26 million downloads. In the previous year, DoorDash completed its acquisition of Finnish company Wolt, a key player in the European food delivery market. In a deal worth more than eight billion U.S. dollars, it was the second highest-valued e-commerce startup acquisition as of January 2024. With access to the 23 markets in which Wolt operates, DoorDash recorded annual revenues of 8.6 billion U.S. dollars in 2023, up from approximately 885 million dollars just three years prior in 2019.

Challenges ahead

The path to growth DoorDash embarked on has been nothing short of a success story. However, the company still faces significant challenges. In 2022, recession fears and inflationary pressures disrupted global markets, and DoorDash was not spared the repercussions of tapering growth. In November 2022, the company announced it was laying off 1,250 corporate employees in an effort to cut costs. This is in addition to competitive pressures in the industry to reduce fees charged to consumers amid inflation. These challenges may put a dent in DoorDash’s quest to achieve, and maintain, profitability in the future.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Lynn Beyrouthy, Mar 20, 2024

Key insights

Dollar value of orders made on DoorDash
66.8bn USD
DoorDash market cap
29.5bn USD
DoorDash funding raised to date
2.5bn USD
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Editor’s Picks Current statistics on this topic

Annual revenue of DoorDash from 2019 to 2023 (in million U.S. dollars)

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Annual revenue of DoorDash 2019-2023

Market share of leading online meal delivery companies in the United States as of January 2024

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Market share of the leading online food delivery companies U.S. 2024

Number of downloads of leading online food delivery and takeout apps worldwide in 2023 (in millions)

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Most downloaded food delivery apps worldwide 2023

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