8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________

FORM 8-K

____________________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): November 9, 2021

____________________________________

DoorDash, Inc.

(Exact name of registrant as specified in its charter)

____________________________________

Delaware	001-39759	46-2852392
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

303 2nd Street, South Tower, 8th Floor

San Francisco, California 94107

(Address of principal executive offices, including zip code)

(650) 487-3970

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, par value of $0.00001 per share	DASH	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On November 9, 2021, DoorDash, Inc., a Delaware corporation (“DoorDash”) and Wolt Enterprises Oy, a limited liability company incorporated and existing under the laws of Finland (“Wolt”) issued a joint press release announcing their entry into a Share Purchase Agreement dated November 9, 2021 (the “Share Purchase Agreement”), by and among DoorDash, Wolt, certain securityholders of Wolt and Miki Kuusi solely in the capacity as the representative of the Securityholders under the Share Purchase Agreement. Pursuant to the Share Purchase Agreement, DoorDash will acquire all of the outstanding shares of Wolt in an all-stock transaction. A copy of the joint press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

In connection with the announcement of the Share Purchase Agreement, DoorDash posted a presentation regarding the transaction on its investor relations website. The presentation is filed as Exhibit 99.2 and is incorporated herein by reference.

Exhibit Number	Description
99.1	Joint Press Release
99.2	Investor Presentation
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

Forward-Looking Statements

This 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, including the timing of the proposed transaction and other information related to the proposed transaction. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern the proposed transaction and our expectations, strategy, plans or intentions regarding it. Forward-looking statements in this communication include, but are not limited to, (i) expectations regarding the timing, completion and expected benefits of our proposed acquisition of Wolt Enterprises Oy (“Wolt”), (ii) plans, objectives and expectations with respect to future operations, stakeholders and the markets in which we, Wolt and the combined company will operate, and (iii) the expected impact of the proposed transaction on the business of the parties. 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. These risks, uncertainties and other factors relate to, among others: risks and uncertainties related to our pending acquisition of Wolt, including the failure to obtain, or delays in obtaining, required regulatory approvals, the failure to satisfy any of the closing conditions to the proposed transaction on a timely basis or at all and costs and expenses associated with failure to close; costs, expenses or difficulties related to the acquisition of Wolt, including the integration of Wolt’s business; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes or at all; the potential impact of the announcement, pendency or consummation of the proposed transaction on relationships with our and/or Wolt’s employees, customers, suppliers and other business partners; the risk of litigation or regulatory actions to us and/or Wolt; inability to retain key personnel; changes in legislation or government regulations affecting us or Wolt; developments in the COVID-19 pandemic and resulting business and operational impacts on us and/or Wolt; and economic, financial, social or political conditions that could adversely affect us, Wolt or the proposed transaction. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Form 10-Qs or Form 8-Ks filed with the Securities and Exchange Commission (the “SEC”). All information provided in this communication is as of the date of this communication and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable, and information available to us, as of such date. We undertake no duty to update this information unless required by law.

No Offer or Solicitation

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Important Additional Information Will be Filed with the SEC

DoorDash will file with the SEC a registration statement on Form S-4, which will include a prospectus of DoorDash. INVESTORS ARE URGED TO CAREFULLY READ THE REGISTRATION STATEMENT AND OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT DOORDASH, WOLT, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors will be able to obtain free copies of the registration statement and other documents filed with the SEC through the website maintained by the SEC at www.sec.gov and on DoorDash’s website at ir.doordash.com.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DOORDASH, INC.
Date: November 9, 2021	By:	/s/ Tony Xu
	Name:	Tony Xu
	Title:	Chief Executive Officer
		(Principal Executive Officer)

EX-99.1

DoorDash Joins Forces with Wolt

SAN FRANCISCO & HELSINKI, November 9, 2021 /PRNewswire/ -- DoorDash, Inc. (NYSE: DASH), (“DoorDash” or the “company”), and Wolt Enterprises OY (“Wolt”) today announced they and certain stockholders of Wolt have entered into a definitive agreement whereby DoorDash will acquire Wolt in an all-stock transaction (the “Transaction”). Both companies share a mission to build a global platform for local commerce that connects consumers with the best of their community, drives incremental revenue for merchants, and provides meaningful earning opportunities for millions of Dashers and couriers around the world. We expect this partnership to accelerate our progress towards our common goals.

“DoorDash and Wolt share a vision to build a global platform for local commerce that empowers the communities we operate in,” said Tony Xu, Co-founder and CEO of DoorDash. “Under the leadership of Miki Kuusi, Wolt has built a culture of optimism, operational rigor, and bias for action that matches our own. By joining forces, we believe we will accelerate our product development, bring greater focus to each of our markets, and improve the value we provide to consumers, merchants, as well as Dashers and couriers around the world.”

Wolt’s team of over 4,000 employees operates a leading local commerce platform across 23 countries. Wolt’s consumer obsession and attention to detail are evident in its superb consumer loyalty and retention rates. Its operational efficiency allows it to sustainably operate in a variety of environments ranging from rural towns to dense city centers. We believe Wolt’s combination of technological innovation, operational expertise, and intense focus on the consumer experience are characteristics that will allow our combined company to build a leading local commerce platform and drive substantial growth for many years.

“DoorDash has built an incredible business in one of the most significant markets in the world, while we came from a small home country and had to master the art of expansion very early on. During this process, we’ve come to appreciate the many similarities of our two teams, cultures and companies, as we’ve been molded by similar circumstances. We’re incredibly excited to be joining forces with Tony and the DoorDash team to build something even greater together,” said Miki Kuusi, Wolt Co-Founder and CEO.

Upon closing of the acquisition, Miki Kuusi will run DoorDash International, reporting to Tony Xu. Under Miki’s leadership, we expect to increase our international scale, accelerate our product development, and improve our investment efficiency. We expect to continue investing aggressively in the combined team to build our platform and grow our global business.

“We have an opportunity to build a global platform for local commerce in the internet era,” said Tony Xu. “Joining forces with Wolt will deepen our pool of superb talent and allow us to accelerate our international growth, while elevating our focus on the U.S. We expect the ingenuity, product expertise, and operational excellence of our combined company to expand our TAM, improve our investment efficiency, increase our long-term profit potential, and generate significant shareholder value.”

Key terms:

–Transaction is valued at approximately € 7.0 billion, subject to customary purchase price adjustments

–All stock transaction; DoorDash equity issued as part of the transaction will be valued at $206.45 per share, based on DoorDash’s 30-day VWAP as of November 3, 2021

–New retention pool of approximately € 500 million reserved for Wolt management and employees

Financial Impact:

–Expect to be accretive to GOV growth in 2022

–Expect pro forma combined Adj. EBITDA of $0 to $500 million in 2022

Closing:

–Transaction is subject to customary closing conditions for transactions of this type, including applicable regulatory approvals

–We currently expect to close the transaction in 1H 2022

The board of directors of both companies have approved the transaction and stockholders representing the majority of Wolt’s outstanding shares have committed to support the transaction. Goldman Sachs & Co. LLC is acting as exclusive financial advisor to DoorDash, and Wilson Sonsini Goodrich & Rosati, Allen & Overy LLP and Avance Attorneys Ltd are acting as its legal advisors with regard to the transaction. Qatalyst Partners is acting as exclusive financial advisor to Wolt, and Skadden, Arps, Slate, Meagher & Flom LLP and Roschier,Attorneys Ltd. are acting as its legal advisor.

Investor Presentation

The companies have published a presentation to provide an overview of the transaction, which is available on DoorDash’s investor relations website at http://ir.doordash.com.

Third Quarter 2021 Financial Results

In a separate press release issued today, DoorDash announced its financial results for the third quarter of 2021. The press release and accompanying Q3 Shareholder Letter are available on DoorDash’s investor relations website at http://ir.doordash.com.

Third Quarter 2021 Earnings Release Call

DoorDash will conduct its Q3 earnings release call today at 2:00pm (PT) / 5:00pm (ET). Miki Kuusi, Wolt Co-Founder and CEO will join DoorDash management on the call. A live audio webcast of our earnings release call will be available at http://ir.doordash.com. Announcements regarding our financial performance, including SEC filings, investor events, as well as press and earnings releases are available on that site.

Forward-Looking Statements

This 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, including the timing of the proposed transaction and other information related to the proposed transaction. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern the proposed transaction and our expectations, strategy, plans or intentions regarding it. Forward-looking statements in this communication include, but are not limited to, (i) expectations regarding the timing, completion and expected benefits of the proposed transaction, (ii) plans, objectives and expectations with respect to future operations, stakeholders and the markets in which Doordash and Wolt and the combined company will operate, and (iii) the expected impact of the proposed transaction on

the business of the parties. 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. These risks, uncertainties and other factors relate to, among others: risks and uncertainties related to our pending acquisition of Wolt, including the failure to obtain, or delays in obtaining, required regulatory approvals, the failure to satisfy any of the closing conditions to the proposed transaction on a timely basis or at all and costs and expenses associated with failure to close; costs, expenses or difficulties related to the acquisition of Wolt, including the integration of Wolt’s business; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes or at all; the potential impact of the announcement, pendency or consummation of the proposed transaction on relationships with our and/or Wolt’s employees, customers, suppliers and other business partners; the risk of litigation or regulatory actions to us and/or Wolt; inability to retain key personnel; changes in legislation or government regulations affecting us or Wolt; developments in the COVID-19 pandemic and resulting business and operational impacts on us and/or Wolt; and economic, financial, social or political conditions that could adversely affect us, Wolt or the proposed transaction. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Form 10-Qs or Form 8-Ks filed with the Securities and Exchange Commission (the “SEC”). All information provided in this communication is as of the date of this communication and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable, and information available to us, as of such date. We undertake no duty to update this information unless required by law.

No Offer or Solicitation

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Important Additional Information Will be Filed with the SEC

DoorDash will file with the SEC a registration statement on Form S-4, which will include a prospectus of DoorDash. INVESTORS ARE URGED TO CAREFULLY READ THE REGISTRATION STATEMENT AND OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT DOORDASH, WOLT, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors will be able to obtain free copies of the registration statement and other documents filed with the SEC through the website maintained by the SEC at www.sec.gov and on DoorDash’s website at http://ir.doordash.com.

About DoorDash

DoorDash is a technology company that connects consumers with their favorite local and national businesses in more than 7,000 cities across the United States, Canada, Australia and Japan. Founded in 2013, DoorDash enables local businesses to address consumers’ expectations of ease and immediacy and thrive in today’s convenience economy. By building the last-mile logistics infrastructure for local commerce, DoorDash is bringing communities closer, one doorstep at a time.

About Wolt

Wolt is a technology company that makes it incredibly easy to discover and get the best of local restaurants, grocery stores and other local shops delivered to your home or office. Wolt is in 23 countries.

The Helsinki-based company was founded in 2014, employs over 4,000 people, and is led by its Co-Founder and CEO Miki Kuusi.

DoorDash Investor Relations Contact

ir@doordash.com

DoorDash Press Contact

press@doordash.com

Wolt Contact

press@wolt.com

EX-99.2

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Rider\Warsaw Cover.pptx November 2021 1

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v22.pptx Forward Looking Statements Disclaimer This 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, including the timing of the proposed transaction and other information related to the proposed transaction. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern the proposed transaction and our expectations, strategy, plans or intentions regarding it. Forward-looking statements in this communication include, but are not limited to, (i) expectations regarding the timing, completion and expected benefits of the Wolt Enterprises Oy (“Wolt”) transaction, (ii) plans, objectives and expectations with respect to future operations, stakeholders and the markets in which we, Wolt and the combined company will operate, and (iii) the expected impact of the proposed transaction on the business of the parties. 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. These risks, uncertainties and other factors relate to, among others: risks and uncertainties related to our pending acquisition of Wolt, including the failure to obtain, or delays in obtaining, required regulatory approvals, the failure to satisfy any of the closing conditions to the proposed transaction on a timely basis or at all and costs and expenses associated with failure to close; costs, expenses or difficulties related to the acquisition of Wolt, including the integration of the Wolt’s business; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes or at all; the potential impact of the announcement, pendency or consummation of the proposed transaction on relationships with our and/or Wolt’s employees, customers, suppliers and other business partners; the risk of litigation or regulatory actions to us and/or Wolt; inability to retain key personnel; changes in legislation or government regulations affecting us or Wolt; developments in the COVID-19 pandemic and resulting business and operational impacts on us and/or Wolt; and economic, financial, social or political conditions that could adversely affect us, Wolt or the proposed transaction. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Form 10-Qs and Form 8-Ks filed with the Securities and Exchange Commission (the “SEC”). All information provided in this communication is as of the date of this communication and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable, and information available to us, as of such date. We undertake no duty to update this information unless required by law. 2

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v22.pptx Additional Information No offer or solicitation: This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. Important additional information will be filed with the SEC: DoorDash will file with the SEC a registration statement on Form S-4, which will include a prospectus of DoorDash. INVESTORS ARE URGED TO CAREFULLY READ THE REGISTRATION STATEMENT AND OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT DOORDASH, WOLT, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors will be able to obtain free copies of the registration statement and other documents filed with the SEC through the website maintained by the SEC at www.sec.gov and on DoorDash’s website at ir.doordash.com. 3

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v22.pptx Source: Wolt. Company metrics as of September 30, 2021 unless stated otherwise 4 at a Glance 3x+ Avg. Monthly Order Frequency 15+ Categories 4K+ Employees 30%+ M12 Customer Retention 2.5M+ Monthly Active Users 23 Countries $2.5B+ Annual Run-Rate GOV (Q3 2021) 130%+ Q3 2021 YoY GOV Growth

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v22.pptx 5 Large local commerce opportunity with strong growth potential Product and execution focus drives superb retention and unit economics 1 2 World-class operators with a shared vision and common culture 3 5 Building a Global Leader in Local Commerce

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v26.pptx 6 A Common Vision and Common Culture To make our cities better places to live To grow and empower local economies

Founded in Helsinki 3 Countries Launched Sweden and Estonia 1 Country First Delivery in Helsinki Launched Denmark, Latvia, and Lithuania 6 Countries 14 Countries Launched Croatia, Czech Republic, Norway, Hungary, Georgia, Israel, and Poland 19 Countries Launched Serbia, Greece, Azerbaijan, Slovakia, Slovenia, and Kazakhstan 23 Countries Launched Cyprus, Malta, Japan, and Germany World Class Operators with Proven Ability to Scale Miki Kuusi CEO & Co-Founder Riku Mäkelä COO 2014 2015 2016 2017 2018 2019 2020 7

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v22.pptx Built for International Expansion 8 Wolt Started in Finland, One of the Most Difficult Markets for Last-Mile Local Logistics… …And Built a Model Focused on Doing Common Things Uncommonly Well Exceptional App Design Case Study: Israel Launched 2018 App Store Editors’ Choice Award Wolt Competitor A Customer Satisfaction vs. Peers 7.7 7.1 Source: Wolt, Company Survey Note: App Store Editors’ Choice Rating from iOS App Store as of November 2021. Israel average customer rating out of 10 across categories including restaurant selection, delivery times, error-free orders, prices / promotions, ease of use, order tracking, non-restaurant orders, customer support and opening hours.

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v29.pptx Consumer Obsession Drives Superb Retention 9 Wolt Consumer Retention by Monthly Cohort Since 2018 Source: Wolt Note: Based on weighted average customer retention of monthly cohorts from January 2018 to September 2021. Consumer experience (selection, quality, and affordability) drives strong retention Strong retention generates excellent LTV

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v29.pptx Obsessive Focus On Logistics Efficiency 10 Ability to drive network efficiency in low density cities has driven average delivery times down Deliveries per hour has steadily increased while reducing average delivery time Average Delivery Time, Rolling 4-Week Average (minutes) Deliveries Per Hour, Rolling 4-Week Average (Including Idle Time) Source: Wolt

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v29.pptx Demonstrated Ability To Drive Strong Unit Economics 11 Q3 2021 Contribution Profit as % of GOV2 Sources: Wolt, DoorDash 1 Contribution Profit is calculated in accordance with the definition provided in DoorDash’s SEC filings, including form 10-K, and is calculated as of Q3 2021. 2 Positive Contribution Profit countries refers to the 7 countries shown on the slide (out of 23 total). 3 Excludes U.S. Marketplace orders in non-restaurant verticals, as of Q3 2021. 65% of Wolt GOV generates positive Contribution Profit1 100%+ YoY GOV growth in Wolt’s positive Contribution Profit countries2 in Q3 Total Contribution Profit as % of GOV in Wolt Profitable Countries US Restaurant Marketplace3 Wolt Positive Contribution Profit Countries

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v22.pptx 12 Restaurant Grocery And More … Delivering Local Commerce

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v22.pptx Large Local Commerce Opportunity 13 Source: Euromonitor Passport, Edge Note: Foodservice data estimates not available in Azerbaijan, Malta, Croatia, Estonia, Kazakhstan, Slovenia, Cyprus, Latvia, Georgia, Lithuania and Serbia. 1 Includes Austria, Belgium, France, Ireland, Italy, Netherlands, Spain, Switzerland and the United Kingdom. 2021E Food & Grocery Market Combined company would operate in markets with over 700 million people % Online Penetration 2021E Total Retail Market

ibdroot\projects\IBD-NY\divinities2021\682298_1\03. Presentations\2021.10.XX Investor Presentation\Warsaw - Investor Presentation_v22.pptx 1 Based on exchange rate of 1 EUR = 1.1615 USD ■ Expect to be accretive to GOV growth in 2022 ■ Expect pro forma combined Adj. EBITDA of $0 to $500 million in 2022 ■ Miki Kuusi to run DoorDash International, reporting to Tony Xu ■ Key executives and country leaders from Wolt have agreed to join DoorDash Transaction Summary ■ Approximately €7.0B (US$8.1B)1 consideration, subject to customary purchase price adjustments ■ All stock transaction ■ DoorDash equity issued as part of the transaction will be valued at approximately $206.45 per share, based on DoorDash’s 30-day VWAP as of November 3, 2021 ■ New retention pool of €500M reserved for Wolt management and employees Financial Impact Leadership Closing ■ The transaction is subject to customary closing conditions for transactions of this type, including applicable regulatory approvals ■ Expected to close in 1H 2022 14 Transaction Overview

XML

Cover	Nov. 09, 2021
Cover [Abstract]
Document Type	8-K
Document Period End Date	Nov. 09, 2021
Entity Registrant Name	DoorDash, Inc.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-39759
Entity Tax Identification Number	46-2852392
Entity Address, Address Line One	303 2nd Street
Entity Address, Address Line Two	South Tower
Entity Address, Address Line Three	8th Floor
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94107
City Area Code	650
Local Phone Number	487-3970
Written Communications	true
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A common stock, par value of $0.00001 per share
Trading Symbol	DASH
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0001792789
Amendment Flag	false