DoorDash CEO Tony Xu Image credit :Flickr/TechCrunch

Food delivery startup DoorDash just six months after taking on a Softbank led $535 million round has nabbed another $250 million in funding from DST and Coatue Management, This time nearly tripling its previous valuation with the San Francisco based startup now being valued at $4 Billion.

This brings the total raised by DoorDash to almost $1 Billion across several rounds for the firm which counts other notable backers including Sequoia, Kleiner Perkins, Y Combinatorial and Khosla Ventures.

Since January, DoorDash’s geographical footprint has nearly doubled to 1,000 cities across the U. S. and Canada and is on pace to reach 2,000 cities by the end of this year.

Growing 250% year-over-year, It has added more top restaurants to its platform in addition to a notable grocery delivery partnership with retail giant Walmart which has expanded to nearly 300 stores across 20 U. S states in the last four months.

As it takes on intense competition from the likes of UberEats and Postmates in the competitive food delivery market, More capital would be crucial to its expansion as it accelerates its operations.

DoorDash co-founder and CEO Tony Xu calls the funding “opportunistic” as the company still has most of the cash left from its previous $535 million round when it got a valuation of $1.4 Billion valuation.

“As we grow, we will stay true to our values and our mission of connecting people with possibility — and, trust us, we’re just getting started.” The company said in a recently released post.

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