Latest news with #PrabirAdarkar
Time Magazine
26-06-2025
- Business
- Time Magazine
TIME100 Most Influential Companies 2025: DoorDash
Just over a decade ago, DoorDash's four founders, then the company's only delivery drivers, kept busy tacking fliers to Stanford bulletin boards. Today, DoorDash is the top U.S. food delivery platform by market share and is starting to flex its global muscle. In May—just a few months after New York's Attorney General announced a $16.75 million settlement with the company over its delivery worker pay practices—DoorDash announced a $3.9 billion deal to acquire U.K.-based Deliveroo, expanding its reach to 40 countries. Successful international expansion has required paying close attention to varied local preferences, President and COO Prabir Adarkar says. Most Finns prefer no-contact delivery, for example, so the company (which operates its Wolt app there) enhanced tracking features to better meet those expectations. In Australia, DoorDash expanded into groceries and other retail items to meet demand. Tailored approaches seem to be paying off: 2024 was the company's first profitable year since going public in 2020. What's next? Making the 'last mile' faster and greener, Adarkar says, including through drones and sidewalk robot deliveries. 'The future is about enhancing accessibility and convenience in every neighborhood,' he says.
Yahoo
27-04-2025
- Business
- Yahoo
Domino's® and DoorDash Announce Partnership: World's Largest Pizza Company to Join Largest Local Commerce Platform in North America
Orders on DoorDash's Marketplace will be delivered by Domino's drivers Partnership Highlights: Domino's Joins DoorDash Marketplace: Nationwide U.S. launch beginning in May 2025, expanding to Canada later in 2025 Seamless Integration with Self-Delivery: Domino's drivers fulfill orders while tapping into DoorDash's leading local commerce platform for new customer reach ANN ARBOR, Mich. and SAN FRANCISCO, April 2, 2025 /PRNewswire/ -- Domino's Pizza Inc. (Nasdaq: DPZ), the largest pizza company in the world, has entered into a partnership with DoorDash (Nasdaq: DASH), the leading local commerce platform in North America.1 The partnership will allow Domino's to reach new customers through DoorDash Marketplace, while continuing delivery service by Domino's drivers. A pilot is currently underway in select locations, with a planned nationwide U.S. launch beginning in May 2025 and across Canada later in 2025. "As brands that are both dedicated to digital ordering excellence, our new partnership with DoorDash brings together the scale of our two industry-leading companies, as we continue to build towards the $1 billion opportunity that we believe the aggregator marketplace represents for us," said Joe Jordan, Domino's chief operating officer and president – U.S. "The ability to connect seamlessly with DoorDash customers means more sales for Domino's stores, while efficiently leveraging our brand's robust delivery network. Tapping into incremental customers, particularly in suburban and rural markets, is a meaningful opportunity for Domino's, as our brand continues to open stores nationwide." "DoorDash is excited to welcome Domino's to our Marketplace across the U.S. and Canada. Domino's chose DoorDash for our unmatched scale and reach, helping them serve millions of customers and drive incremental sales," said Prabir Adarkar, president and chief operating officer of DoorDash. "By joining forces, we're bringing customers a new choice in the rapidly growing pizza category." A top-tier delivery and digital experience is core to both companies' DNA. DoorDash users will be able to order from their local Domino's store through the DoorDash app, with seamless GPS tracking fully integrated to monitor their delivery progress by a uniformed Domino's driver. Domino's orders will be available to subscribers of DashPass, DoorDash's subscription program, which offers unlimited $0 delivery fees and reduced service fees on orders over $12.2 Domino's loyalty program, Domino's Rewards, will only be offered on Domino's e-commerce platforms. About Domino's Pizza®Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout. It ranks among the world's top public restaurant brands with a global enterprise of more than 21,300 stores in over 90 markets. Domino's had global retail sales of over $19.1 billion in 2024. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the fourth quarter of 2024. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2024 via digital channels and has developed many innovative ordering platforms. Order – Info – Assets – About DoorDashDoorDash (NASDAQ: DASH) is a technology company that connects consumers with their favorite local businesses in more than 30 countries across the globe. Founded in 2013, DoorDash builds products and services to help businesses innovate, grow, and reach more customers. DoorDash is your door to more: the local commerce platform dedicated to enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers. Forward-Looking StatementsThis communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events, and such statements in this communication include, but are not limited to, expectations regarding the opportunity and expected benefits of the Domino's and DoorDash partnership and the expected plans for the launch and expansion of such partnership. Expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. For information on potential risks and uncertainties that could cause actual results to differ from any results predicted, please see Domino's Annual Report on Form 10-K for the fiscal year ended December 29, 2024 and DoorDash's Annual Report on Form 10-K for the year ended December 31, 2024, each filed with the Securities and Exchange Commission. 1 Based on total delivery GOV in 2024 2 *DashPass benefits apply only to eligible orders that meet the minimum subtotal requirement listed on DoorDash for each participating merchant. Other fees (including service fee), taxes, and gratuity still apply. After signing up for DashPass, you will be charged the then-current renewal price (plus applicable taxes) automatically on a recurring basis until you cancel. DashPass terms (including how to cancel) here. View original content to download multimedia: SOURCE Domino's Pizza Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
Domino's to offer pizzas on DoorDash marketplace in US
Domino's Pizza has joined DoorDash Marketplace, marking the beginning of a collaboration in which orders placed on the local commerce platform will be delivered by the pizza company's drivers. The collaboration will allow customers to order Domino's through the DoorDash marketplace while maintaining the brand's delivery experience. The pilot phase is currently operational in select locations, with a broader rollout scheduled to commence in the US from May 2025, then extend to Canada later in the year. Domino's US chief operating officer and president Joe Jordan stated: "As brands that are both dedicated to digital ordering excellence, our new partnership with DoorDash brings together the scale of our two industry-leading companies, as we continue to build towards the $1bn opportunity that we believe the aggregator marketplace represents for us. 'The ability to connect seamlessly with DoorDash customers means more sales for Domino's stores, while efficiently leveraging our brand's robust delivery network. Tapping into incremental customers, particularly in suburban and rural markets, is a meaningful opportunity for Domino's, as our brand continues to open stores nationwide." Customers using DoorDash can order from their local Domino's store directly through the DoorDash app. This integration includes real-time GPS tracking, ensuring customers can monitor their delivery handled by a uniformed Domino's driver. Subscribers of DashPass, DoorDash's subscription service, will benefit from the partnership with unlimited free delivery and reduced service fees on orders exceeding $12 from Domino's. DoorDash president and chief operating officer Prabir Adarkar stated: "DoorDash is excited to welcome Domino's to our Marketplace across the US and Canada. Domino's chose DoorDash for our unmatched scale and reach, helping them serve millions of customers and drive incremental sales. By joining forces, we're bringing customers a new choice in the rapidly growing pizza category." In February 2025, DoorDash reached a $17m settlement with the New York Attorney General's office after allegations of misappropriating tips intended for its delivery workers. "Domino's to offer pizzas on DoorDash marketplace in US" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
