DoorDash Buys UK Rival Deliveroo for $3.86B

Platforms
Written By Rick Watson

DoorDash, Inc. is an American company operating online food ordering and food delivery. It trades under the symbol DASH.

Deliveroo is an online platform that connects consumers, restaurants, and delivery riders, providing a hyperlocal marketplace for food and grocery delivery.

DoorDash will acquire UK rival Deliveroo for about £2.9 billion ($3.85 billion) or 180 pence (around $2.40) in cash per Deliveroo Share. The acquisition enables DoorDash to access nine new markets, including the UK and Deliveroo's home market. After the acquisition, DoorDash will operate in 40 markets and service 50 million monthly active users. The acquisition also enables DoorDash to better compete against rivals such as Just Eat Takeaway and Uber Eats due to its larger scale and global footprint. It is unclear whether Deliveroo will remain independent or be absorbed into DoorDash's existing platform.

WSJ: DoorDash Buys Deliveroo for $3.86 Billion

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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