Deliveroo

01 / WHAT IT BUILT

What the company did

Deliveroo is a UK-based on-demand food delivery platform founded in 2013 by Will Shu. It operates a marketplace connecting consumers, restaurants and grocery partners with delivery riders across Europe, Asia and the Middle East, with around 7 million monthly active users. The company floated on the London Stock Exchange in March 2021 at a valuation of about £7.6 billion, but its shares collapsed around 30% on debut, earning it the 'Floperoo' tag. After years of cost cuts and market exits, it posted its first full-year profit in 2024.

03 / EVENT HISTORY

Events in the structured record

1. 2013
   Founded

   Will Shu founded Deliveroo in London as an on-demand food delivery platform connecting restaurants, riders and consumers.

2. 2021
   IPO

   Deliveroo listed on the London Stock Exchange at 390p per share, valued at about £7.6 billion; shares fell roughly 30% on debut amid worker-pay controversies and the dual-class share structure.

3. 2024
   First annual profit

   Deliveroo reported its first-ever full-year profit: £2.9 million for 2024, compared with a £31.8 million loss in 2023, with gross transaction value up 6% to £7.4 billion.

4. 2025
   Hong Kong exit and DoorDash takeover

   Deliveroo exited its loss-making Hong Kong operations after nine years, selling some assets to Delivery Hero's Foodpanda and nominating liquidators for the rest. DoorDash agreed a £2.9 billion ($3.9 billion) takeover at 180p per share, ending Deliveroo's public-market life.