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Similarly to food and groceries, pet food and other items are necessary and recurring purchases for pet owners. Photo: Lynne Gilbert/Getty Images

DoorDash is branching out from food and grocery delivery with a new partnership with PetSmart to provide same-day delivery in more than 1,400 stores.

Why it matters: DoorDash is reportedly gearing up to go public soon (it confidentially filed with regulators for an IPO in February). Expanding its business could broaden the company's appeal to investors.

Background: DoorDash is far from the first company to turn to non-food retail in search of additional revenue streams.

  • Uber provided delivery services to retailers and merchants for a few years before shuttering its UberEverything business, while Postmates has inked a number of deals with the likes of Apple’s stores.
  • DoorDash itself has a bit of experience with delivering drugstore items via its partnerships with Walgreens and Walmart, and delivering flowers through its delivery service for businesses.

Between the lines: Despite food delivery's boom during the current pandemic as Americans stay home much more, it's probably wise for a company like DoorDash to expand into additional categories.

  • Similarly to food and groceries, pet food and other items are necessary and recurring purchases for pet owners.

Go deeper: DoorDash CEO Tony Xu on the employee vs. contractor debate

Go deeper

Instacart in the spotlight

Illustration: Aïda Amer/Axios

Grocery delivery company Instacart became a critical service for many consumers overnight when cities and states across the U.S. quickly implemented stay-at-home orders to curb the spread of COVID-19.

Why it matters: The pandemic reportedly brought the company its first profits.

20 mins ago - World

China sanctions Wilbur Ross, 5 other Americans over Hong Kong warnings

Photo: Al Drago/Bloomberg via Getty Images

The Chinese government imposed sanctions on Monday against six Americans, including former Commerce Secretary Wilbur Ross, in response to an advisory from the Biden administration warning businesses of the increased risks of operating in Hong Kong.

Why it matters: It's the latest example of China responding furiously to U.S. attempts to shed light on human rights abuses in places like Hong Kong, Xinjiang and Tibet, which Chinese officials routinely condemn as "interference" in domestic affairs.

Updated 51 mins ago - Sports

Live updates: Olympics formally kick off with "sobering" opening ceremony

Naomi Osaka lights the Olympic cauldron. Photo: Maddie Meyer/Getty Images

After a year-long delay, the Tokyo Olympics are finally underway. But this year's largely spectator-less opening ceremony is a "sobering" event focused primarily on the athletes.

The latest: The cauldron in Tokyo has been lit, formally kicking off the Olympic Games. Tennis star Naomi Osaka had the honor of carrying the Olympic torch to light the cauldron.