UK online food delivery company Deliveroo has agreed to be acquired by America’s biggest food delivery app, DoorDash.

Announced today, the deal to buy the London-headquartered firm comes in at £2.9 billion, with DoorDash offering 180p per Deliveroo share.

The acquisition is being made to “strengthen DoorDash’s position as a leading global platform in local commerce, enabling the combined entity to better serve businesses, consumers and couriers,” the companies jointly said.

A UK-based but multinational firm, Deliveroo was founded in 2013 by Will Shu and Greg Orlowski. It currently works with around 176,000 restaurants, grocers, and retail partners, as well as over 130,000 riders to provide its on-demand delivery service across nine countries. Since 2024, it’s served around seven million monthly active consumers.

DoorDash meanwhile, which also launched in 2013, serves over 42 million monthly active users in over 30 countries, and partners with over 500,000 local businesses on its marketplaces.

The countries that Deliveroo operates in are new for DoorDash. Once the companies’ existing footprints have been brought together, the group will operate in locations with a combined population exceeding 1 billion people.

DoorDash said that it’s “excited to invest in growing local commerce globally, including investing in Deliveroo’s business in the UK and other Deliveroo geographies and to continue to drive growth.”

Commenting on the acquisition, Deliveroo co-founder Will Shu said: “When Greg and I founded this business in 2013, we made it our mission to bring the best of our consumers’ neighbourhoods to their door.

“We’ve stayed relentlessly focused on this mission for the past twelve years, keeping our consumers at the heart of everything we do and aiming to deliver them flawless experiences, new innovations and real value. I’m very proud of everything we have achieved as a standalone business.

“We are now at the beginning of a transformative new chapter. DoorDash and Deliveroo are like-minded organisations with a shared strategic vision and aligned values.

“Together, we will be even better positioned to serve consumers, merchants, riders and local communities. The Enlarged Group will have the scale to invest in product, technology and the overall consumer value proposition.”

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“Following careful consideration, the Deliveroo Independent Committee has unanimously decided to recommend this offer, considering it to be in the interests of all our shareholders and wider stakeholders,” commented Claudia Arney, who serves as chair of Deliveroo.

“Deliveroo changed the face of food delivery in the UK and around the world. Thanks to Will and the dedication and innovation of the team, consumers have new food experiences, merchants new opportunities for growth and riders a new type of work. I’m immensely proud to have worked alongside the team and thank them for their hard work.”

“We are pleased that DoorDash is excited to invest into the business and team and shares our commitments to supporting the interests of riders, merchants and consumers,” Arney added.

“Both companies are highly complementary, whether in their geographic footprints or their missions, and I am confident that being part of the Enlarged Group will accelerate the realisation of Deliveroo’s full potential.”