Deliveroo to be acquired by US firm DoorDash for £2.9bn

Deliveroo to be acquired by US firm DoorDash for £2.9bn
Deliveroo, the food delivery app, has agreed to be taken over by US giant DoorDash in a deal valuing the business at £2.9 billion. The tie-up will lead to company with a presence in more than 40 countries serving about 50 million users a month. "The combination with Deliveroo will strengthen DoorDash's position as a leading global platform in local commerce," the two firms said.
Will Shu, chief executive and co-founder of Deliveroo, said he was "very proud of everything we have achieved as a standalone business". However, he said the deal with DoorDash, which is based in San Francisco, was "transformative". "DoorDash and Deliveroo are like-minded organisations with a shared strategic vision and aligned values," he said.
"The enlarged group will have the scale to invest in product, technology and the overall consumer value proposition."
Deliveroo, which was co-founded by Mr Shu in 2013.
It works with approximately 176,000 of the best-loved restaurants, grocers and retail partners, as well as over 130,000 riders with a goal to provide the best on-demand delivery experience in the world.
Deliveroo served approximately 7 million monthly active consumers in 2024.