COO Christopher Payne talks commission caps, virtual brands and the potential expansion of its ghost kitchen experiment, DoorDash Kitchens.
DoorDash made a splashy debut on Wall Street, having built its reputation as the country’s top restaurant meal delivery provider by strategically going after suburban markets.
Now, as a newly-minted publicly-traded company, DoorDash plans to leverage Wall Street as it looks to return to its delivery roots.
DoorDash’s original founders, including CEO Tony Xu, initially created the platform to provide delivery services for local businesses, not just restaurants. For more than a year, DoorDash has been expanding its services to include delivery of convenience-store items and groceries while also working with restaurants seeking new revenue channels through ghost kitchen operations.
“This type of [public] fundraising allows us to accelerate ou...
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