Deliveroo had more than 130,000 riders serving 7 million active consumers a month last year. Photograph: Eric Gaillard/ReutersView image in fullscreenDeliveroo had more than 130,000 riders serving 7 million active consumers a month last year. Photograph: Eric Gaillard/ReutersDeliverooDeliveroo agrees £2.9bn takeover by US rival DoorDashCo-founder and CEO Will Shu in line for a £172m payout and staff will receive £65m from deal
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Julia KolleweTue 6 May 2025 07.56 BSTLast modified on Tue 6 May 2025 08.07 BSTShareFood delivery company Deliveroo has agreed a £2.9bn takeover by US rival DoorDash that will result in a £65m payday for its staff.The London-based delivery company, which was founded in 2013 by Will Shu and Greg Orlowski, received an offer worth 180p a share last month and on Tuesday its board recommended the deal to shareholders.Shu is in line for a £172m payout from his 6.4% shareholding in the business. He said: “We are now at the beginning of a transformative new chapter. DoorDash and Deliveroo are like-minded organisations with a shared strategic vision and aligned values.”Forget the silly IPO price. Deliveroo would be right to take DoorDash’s money and runRead moreShu, a former investment banker who came up with the idea for the app because of the lack of late-night food options while he was working long hours, set up Deliveroo in 2013 with Orlowski, a childhood friend. He made deliveries by scooter for the service in its early months.The takeover values Deliveroo at less than the value at which it floated on the London stock market four years ago.The firm works with 176,000 restaurants, grocers and retailers, and has more than 130,000 riders serving 7 million active consumers a month last year. It made its first annual pre-tax profit in 2024, of £12m, with revenues of £2.1bn. DoorDash is the biggest food delivery app in the US.The UK company thrived during the Covid-19 pandemic when restaurants were shuttered during lockdowns, leading to a boom in meal deliveries, but demand has declined since pandemic restrictions were lifted.skip past newsletter promotionSign up to Business TodayFree daily newsletterGet set for the working day – we'll point you to all the business news and analysis you need every morningEnter your email address Sign upPrivacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply.after newsletter promotionDeliveroo listed in 2021 at 390p a share, but flopped on the first day of trading in a 26% share slump that earned it the nickname “flopperoo”.Explore more on these topicsDeliverooFood & drink industrynewsShareReuse this content
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