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DoorDash in talks with lenders on potential credit facility: Report

August 9, 2019

Doordash, the San Francisco-based food delivery platform, is negotiating with banks on a potential $400 million credit line in anticipation of an initial public offering as early as next year, according to a report by Bloomberg.

The report said that JPMorgan Chase is leading the potential financing. 

The talks come about six months after DoorDash raised $400 million in funding led by Temasek Holdings and Dragonner Investment Group. In May, the company reportedly entered negotiations on another $500 million that would value the company at $13 billion. 

DoorDash and JPMorgan Chase officials were not immediately available for comment.