Wednesday, 7 May, 2025

DoorDash Embarks on $5.1 Billion Acquisition Spree to Expand Global Footprint

DoorDash has announced two major acquisitions totaling $5.1 billion: UK-based Deliveroo for $3.9 billion and hospitality tech firm SevenRooms for $1.2 billion. These strategic moves aim to broaden DoorDash's international presence to over 40 countries and enhance its services for merchants and consumers. Despite reporting strong Q1 order growth, the company's stock experienced a 9.8% drop, reflecting investor concerns over the aggressive expansion strategy.