DoorDash is a food delivery app that has been closed due to a financial problem. The company raised $117 million in venture capital, but the money has not been used well. DoorDash has been struggling to keep up with its debts, and the company has been forced to file for Chapter 11 bankruptcy.
The company blames its financial problems on its high spending on marketing and delivery fees. DoorDash has been struggling to compete with the likes of Uber Eats and Grubhub, and its closure may signal the end of an era for food delivery apps.
