The food delivery startup DoorDash Inc. is negotiating an approximately $500 million funding round led by Singapore’s state investment firm Temasek Holdings Pte, a person familiar with the matter said. Though the amount could differ because the details have not been finalized.
A deal would value DoorDash at $6 billion to $7 billion, said two people familiar with the details, both of whom asked not to be identified because the talks are private. The Wall Street Journal previously reported the deal term. [ Bloomberg ]