Deliveroo Acquired by DoorDash in £2.4B Deal

DoorDash, a prominent local commerce platform, has announced its acquisition of Deliveroo, a UK-based food delivery company, in a deal valued at approximately £2.4 billion. This merger positions DoorDash to strengthen its foothold in Europe by complementing its existing business with Deliveroo's established operations in nine countries. The Enlarged Group, as the merger is known, is expected to serve 50 million users globally, boasting a combined presence in over 40 countries. Founded in 2013, DoorDash has rapidly expanded its global influence, now operating in over 30 countries with more than 42 million monthly users. Deliveroo, also founded in 2013, has made significant strides, reporting notable higher revenues and profitability metrics in 2024. Both companies face the challenge of operating in the competitive and operationally intensive food delivery market, particularly in Europe. This move comes amid a backdrop of other delivery firms exiting or reducing their presence in European markets due to financial sustainability issues.