A DoorDash Inc. delivery person carries an order bag outside of a DoorDash Kitchens location in Redwood City, California, U.S., on Friday, Nov. 29, 2019. Doordash, an on-demand food delivery service, unveiled their first shared commissary kitchen concept that can house up to five restaurants, offering a cost-saving alternative to traditional brick and mortar locations. Photographer: David Paul Morris/Bloomberg Details of the higher valuations were first reported by the Wall Street Journal. Representatives for Airbnb and DoorDash declined to comment on the matter.
Both companies are seeking to go public before the end of the year, Bloomberg News has reported, crowning an unusually active period for new offerings that’s also defied the broader economic slowdown triggered by the coronavirus outbreak.
The two have had contrasting experiences of the Covid-19 pandemic, with Airbnb seeing bookings plummet amid travel restrictions and economic slowdown while DoorDash saw its revenue more than triple in the first nine months of this year as Americans leaned on food delivery apps to get dinner at home.