DoorDash raises $127 million in a down round


DoorDash, a provider of local delivery services for small businesses, has raised $127 million in its latest funding from existing investors Sequoia Capital, Kleiner Perkins Caufield & Byers and Khosla Ventures. The funding comes at a time when investors are wary of companies with high valuations. DoorDash’s own valuation was originally $1 billion, but went down to $700 million after the company sold its shares for 16% less in March 2015. Other startups like Thumbtack and Beepi have also settled for down rounds in order to manage investor expectations.

You can read about the funding here.

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