DoorDash in talks with lenders on potential credit facility: Report
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.