Deliveroo founder and CEO, Will Shu, has decided to step down following the company's takeover by US competitor DoorDash.
This takeover, which values Deliveroo at approximately £2.9bn ($3.9bn), was announced in May and is expected to be finalised on 2 October.
The deal terms offer a significant premium on Deliveroo’s shares, with a 29% increase over the closing price on 24 April 2025, and a 40% premium on the three-month volume-weighted average price.
A court hearing to approve the acquisition is anticipated by the end of September.
Shu said: “I will stay on as CEO until the acquisition of Deliveroo by DoorDash is complete, which is expected on 2 October.
“The acquisition will be good news for Deliveroo riders. DoorDash is one of the world's leading platforms in local commerce and we believe that, with them, Deliveroo will be better positioned to serve you, increasing your opportunity to earn through greater order volume.”
Deliveroo, an online food delivery company based in London, operates across several countries, including Belgium, France, the Republic of Ireland, Italy, Kuwait, Qatar, Singapore, the United Arab Emirates, and the UK.
Since its inception in 2013 by Shu and his childhood friend Greg Orlowski, the company has partnered with roughly 176,000 restaurants, grocers, and retail partners, and it works with more than 130,000 riders to enhance the on-demand delivery experience.
Shu added: “I’m super proud of everything we have achieved together. Today, Deliveroo is delivering on our mission to transform the way people shop and eat. After 13 years, however, I want to consider my next challenge.”
