In a £2.9 billion deal, food delivery giant DoorDash is set to acquire Deliveroo, creating one of the largest food delivery companies in Europe and marking a significant move into the European market for the US-based company.
Delivery service company Deliveroo is set to be acquired by US-based food delivery giant DoorDash in a deal worth £2.9 billion.
In April 2020, DoorDash acquired Caviar , a San Francisco-based food delivery company, for $1.1 billion.
This acquisition marked a significant milestone in the food delivery market, solidifying DoorDash's position as a leading player.
The deal expanded DoorDash's reach to high-end restaurants and increased its revenue by 30%.
Additionally, it enabled the integration of Caviar's technology with DoorDash's platform, enhancing customer experience and increasing order volume.
The acquisition marks a significant move into the European market for DoorDash, which has been expanding its presence globally. The deal also creates one of the largest food delivery companies in Europe, with Deliveroo’s existing network and customer base complementing DoorDash’s existing operations.
Deliveroo was founded in 2013 by Will Shu and ‘will.i.am’ and has since grown to become a leading food delivery service provider in the UK and other European countries. The company has been expanding its services and investing heavily in technology to improve the customer experience.
Deliveroo is a leading food delivery company that has revolutionized the way people order and consume food.
Founded in 2013, Deliveroo operates in over 12 countries worldwide, connecting consumers with local restaurants and takeaways.
The platform offers a wide range of cuisines, allowing users to choose from their favorite dishes.
According to recent statistics, Deliveroo's growth rate has increased by 200% since its inception, making it one of the fastest-growing food delivery companies globally.
The acquisition is expected to create new opportunities for growth and expansion, both in Europe and globally. DoorDash plans to use Deliveroo‘s existing network and expertise to develop its presence in the UK and other European markets.
Key features of the deal include:
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Acquisition price: £2.9 billion
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Majority stake: DoorDash will acquire a majority stake in Deliveroo
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Existing management: Will Shu and the existing Deliveroo team will continue to run the business
