A Foolish Take: DoorDash Is the Fastest-Growing Brand in America
DoorDash surpassed Grubhub (NYSE: GRUB) as the top food delivery platform in America earlier this year. The 6-year-old start-up, which was valued at nearly $13 billion after its last funding round, claimed 35% of the market in October, according to Second Measure. Grubhub and Uber (NYSE: UBER) Eats nabbed 30% and 20%, respectively.
A recent survey by Morning Consult, which polled consumers regarding the brands they would most likely use, ranked DoorDash as the country's fastest-growing brand -- putting it ahead of White Claw hard seltzer, courier service Postmates, plant-based meat substitute maker Impossible Foods, and PayPal's Venmo.
Data source: Morning Consult. Chart by author.
Source Fool.com
