US-based food delivery firm DoorDash has agreed to acquire UK rival Deliveroo for £2.9bn ($3.8bn).
Deliveroo is a British multinational online food delivery company headquartered in London. It operates in Belgium, France, Ireland, Italy, Kuwait, Qatar, Singapore the United Arab Emirates and the UK.
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Deliveroo works with 176,000 restaurants, grocers and retail partners, as well as more than 130,000 riders, to provide better on-demand delivery experience.
It served around seven million monthly active consumers in 2024.
Deliveroo generated revenue of £2bn and adjusted earnings before interest, taxation, depreciation and amortisation of £140m for the fiscal year ended 31 December 2024.
Deliveroo shareholders will receive 180 pence per share – a 44% premium over the closing price on 4 April 2025.
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By GlobalDataThe acquisition terms place a premium on Deliveroo’s shares, offering a 29% increase over the 24 April 2025 closing price and a 40% premium on the three-month volume-weighted average price.
This deal implies an enterprise value for Deliveroo of £2.4bn.
Deliveroo CEO and co-founder Will Shu added: “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. Together, we will be even better positioned to serve consumers, merchants, riders and local communities. The enlarged group will have the scale to invest in product, technology and the overall consumer value proposition.”
The enlarged group will have a global presence in more than 40 countries, serving 50 million monthly active users. Together, the companies generated a total gross order value of $90bn in 2024.
DoorDash CEO and Co-founder Tony Xu stated: “The enlarged group will bring together DoorDash’s strong operating playbook with Deliveroo’s local expertise to invest in innovation and execution at an even higher level. Together, we will work to deliver the best experience for all of our stakeholders, to grow the GDP of cities around the world, and build the leading global platform for local commerce.”
DoorDash operates in more than 30 countries, partnering with more than 500,000 local businesses on its marketplaces.
The US company serves more than 42 million monthly active users, and creates uniquely flexible earnings opportunities every year.
In April 2025, DoorDash and Coco Robotics rolled out their robot delivery service in Los Angeles and Chicago, involving 600 merchants, after a successful test with Wolt in Helsinki.
