The acquisition will help Doordash grow its market share in Europe, competing against Just Eat and Uber Eats. Britain and Ireland are Deliveroo’s largest market, accounting for 62% of the value of its orders in its latest quarter. In 2024, Deliveroo and DoorDash had orders worth about a combined $90 billion, the companies said.
Deliveroo’s other large markets include France and Italy, but the deal is not expected to face regulatory hurdles, as DoorDash has virtually no presence in Deliveroo’s 10 markets, a source told Reuters last month. Deliveroo’s shares have struggled since their debut in 2021, a time when meal delivery services were boosted by the pandemic. “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,” its Chair Claudia Arney said in a statement.