DoorDash

Deliveroo chief executive to step down following DoorDash takeover

Deliveroo has announced that founder and chief executive Will Shu will step down after 13 years leading the food delivery platform. The news comes after Deliveroo agreed to a £2.9bn takeover by US rival DoorDash. Before founding Deliveroo in 2012, Shu studied for an MBA at the Wharton School and…

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Grocery helps boost Deliveroo’s H1 GTV to £3.78bn

Deliveroo has reported a 9% year-on-year increase in gross transaction value (GTV) and revenues, reaching £3.78bn and £1.04bn respectively, driven by double-digit growth in its grocery segment for the first half of the year ended 30 June 2025. Order volumes rose 8% to £147m, with GTV per order up 1%…

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Today’s news in brief-6/5/25

Deliveroo has agreed to a £2.9bn takeover by US rival DoorDash, creating a combined entity operating in over 40 countries with annual orders exceeding £10bn. The deal, offering a 44% premium on Deliveroo’s share price, was approved by its board. DoorDash CEO Tony Xu highlighted the potential for expanded innovation,…

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Deliveroo to be acquired by US rival DoorDash in £2.9bn deal

Deliveroo has announced it has agreed to a £2.9bn takeover deal from US delivery platform rival Doordash. The delivery giants said the deal will help improve Deliveroo’s market share while the “complementary geographic regions” will see Doordash enter nine new countries for the first time, including the UK. The news…

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Today’s news in brief-28/4/25

Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain on the board as a non-executive director. Russell Colaco, the current CFO, will take over as CEO, bringing extensive international retail and investment banking experience. The move reflects EG Group’s…

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Deliveroo CEO set for £172m payout from DoorDash takeover deal

Deliveroo co-founder and chief executive Will Shu could receive a £172m payout if the board approves a £2.7bn bid deal from DoorDash, The Times has revealed. The UK delivery company announced on Friday (25 April) that it had received a takeover proposal from the larger American rival at a price…

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Klarna enters UK gift card market with launch of Gift Card Store

Klarna, the AI powered global payments network and shopping destination, has partnered with Blackhawk Network (BHN), a leading global branded payments provider, to launch Klarna’s Gift Card Store in the UK.  This gives customers the ability to buy gift cards from an extensive selection of brands and pay for them…

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Future gazing last-mile delivery

In 2020, there was a significant increase in online shopping. According to an Ofcom report, customers across the UK spent over £110bn last year, a 48% increase from 2019. Whilst this is a relatively recent trend, it shows no signs of slowing down. Our survey found that 85% of online…

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