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DoorDash swings to loss in second quarter since IPO

Aggressive expansion into a crowded global grocery delivery market plunged SoftBank-backed DoorDash into a wider than expected loss in the second quarter since its December 2020 IPO.

Zomato: What Next After A Blowout IPO And Stellar Stock Market Debut

Zomato: What Next After A Blowout IPO And Stellar Stock Market Debut
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Softbank-backed DoorDash enters Japanese market

Softbank-backed DoorDash enters Japanese market GAINING MERCHANTS: Services would at first be limited to the city of Sendai, but would be commission-free until the end of this year Reuters, TOKYO US food delivery firm DoorDash Inc, which is backed by Softbank Group Corp, yesterday announced the launch of services in Japan, joining an increasingly crowded market that has grown during the COVID-19 pandemic. Services would initially be limited to the city of Sendai in Miyagi Prefecture, the money-losing delivery firm told reporters, in a step that follows its expansion to Canada and Australia. Merchants would have access to DoorDash’s marketplace app, where users can order from an array of participating eateries, as well as the storefront, an online ordering product that helps restaurants create their own Web sites for pickup and delivery.

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