DoorDash On the Prowl for More Cash

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DoorDash, having completed its last funding round three months ago, apparently isn’t done yet.

The Information reports the late stage food delivery startup is planning to raise an additional cash in its next fundraising round. This would put its valuation between $10 and $12 billion. It’s previous Series F funding round in February this year, netted $400 million and valued it at $7 billion.

DoorDash has become one of the most popular food delivery services in the sector that also includes Uber Eats, Deliveroo and Postmates. Investors continue to put money into the companies despite the capital and customer acquisition costs eating though their cash pile.

This story will be updated when DoorDash confirms funding.