INSUBCONTINENT EXCLUSIVE:
Food delivery startup DoorDash announced this afternoon that it has raised $250 million, justfive months since the company announced a $535
million round.Why raise more money so soon CEO Tony Xu told Axios that he wasn&t actively looking for additional investment, but was open to
investor interest because it could help the company expand more quickly
(Maybe he&ll have more to say about those plans at Disrupt SF next month.)The new funding was led by Coatue Management and DST Global
It sounds like the terms were pretty appealing too, with the valuation growing from $1.4 billion to $4 billion.In a blog post, the company
said it had a good 2018, with deliveries increasing 250 percent year-over-year, restaurant chains like Chipotle and IHOP signing up and last
week launch of the DashPass subscription service, where you can pay $9.99 per month to get unlimited free deliveries.&As we grow, we will
stay true to our values and our mission of connecting people with possibility  —  and, trust us, we&re just getting started,&
