Full-Time
Online food delivery connecting customers and restaurants
No salary listed
Mid, Senior
London, UK
Minimum of three days required in the office.
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Deliveroo connects customers with a variety of restaurants through its online food delivery service. Customers can order meals from fast food chains to high-end restaurants using Deliveroo's website or mobile app. Once an order is placed, it is sent to the restaurant for preparation, and then a network of delivery riders brings the food directly to the customer's home. This system allows restaurants to expand their reach without handling their own delivery logistics. Deliveroo earns money by charging restaurants a commission on orders and customers a delivery fee. They also offer a subscription service, Deliveroo Plus, which gives customers unlimited free delivery for a monthly fee, encouraging loyalty and providing consistent revenue. Additionally, Deliveroo engages in community efforts, such as providing free meals to NHS workers during the pandemic, which helps build a positive public image and strengthen community relationships.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
2013
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Health Insurance
Paid Vacation
Parental Leave
Family Planning Benefits
UK-based Deliveroo, a food delivery giant, has suspended its £100M (approximately €117.5M) share buyback program after confirming it had received a $3.6B (approximately €3.1B) takeover proposal from US delivery giant DoorDash.The UK food delivery firm said it halted repurchases with immediate effect as talks with DoorDash advance.Deliveroo announced it received the non-binding approach on April 5 and said it would likely recommend the offer — listed at 180 pence per share if final terms are agreed.The offer represents a 22.8 per cent premium to Deliveroo’s Friday close and sent shares surging over 16 per cent to 170.5 pence early Monday, reports Reuters.“Having carefully considered the Possible Offer with its advisers, the Board of Deliveroo has indicated to DoorDash that, should a firm offer be made on the financial terms set out above, it would be minded to recommend such an offer to Deliveroo shareholders, subject to the agreement of the other terms of the offer,” says the company.Unlikely to face regulatory issuesDeliveroo‘s shares have dropped almost 50 per cent since they launched in 2021.This is due to a slowdown in demand for online food delivery after the pandemic, as investors are seeking more profitable companies, adds Reuters report.According to Reuters, the deal is unlikely to face any regulatory issues because it lets DoorDash enter 10 new markets where it doesn’t currently operate. This creates a complementary presence.However, other competitors may face more antitrust problems, according to a source who spoke to Reuters on Friday.Under the U.K. Takeover Code, DoorDash now has until 5 p.m. London time on May 23, 2025, to either announce a firm intention to make an offer or withdraw
Doordash has made a multi-billion offer for Deliveroo, continuing the consolidation trend in the delivery service industry. The news has significantly impacted Deliveroo's stock.
U.S. food delivery giant Doordash has made a $3.6 billion offer to acquire British food delivery company Deliveroo, as reported by Reuters. Deliveroo received the offer on April 5, proposing to buy all shares at £2.7 billion ($3.6 billion). Deliveroo's board is evaluating the £1.80 per share offer and is likely to recommend it to shareholders, pending agreement on other terms. Doordash must make a binding offer by May 23. The acquisition would strengthen Doordash's presence in Europe.
A US company has made a takeover offer for Deliveroo, proposing a deal valued at €3.15 billion. This move could result in Deliveroo, which operates in Ireland, being acquired by the larger American firm.
DoorDash, a U.S.-based food delivery company, has made a £2.7 billion (€3.2 billion) bid to acquire UK-based Deliveroo. This move is part of DoorDash's strategy to expand into more international markets by acquiring smaller food delivery companies.