Food-delivery service DoorDash is now worth more than $13 billion after a new round of private funding. Founded just six years ago, the company has capitalized on the growing delivery trend in the restaurant industry and is now the largest third-party delivery service in the world.
Virtually all restaurant chains are using one or multiple delivery services today. One notable exception is Tex-Mex chain Chuy's Holdings (NASDAQ: CHUY). The company ran small tests before finally landing on the strategy it will roll out across all of its restaurants in 2020. This plan isn't so much about delivery, but about keeping all customer data in-house.
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