United States Food Delivery Service $78 Billion DoorDash Makes Offer to Buy UK Deliveroo for $3.6 Billion, Deliveroo Founded in 2013 by Will Shu & Greg Orlowski, IPO in 2021 on London Stock Exchange, Share Price +23.3% YTD, +27.2% in Last 12 Months & -56% Since IPO in 2021
29th April 2025 | Hong Kong
United States food delivery service DoorDash ($78 billion market value) has made an offer to buy UK Deliveroo for $3.6 billion. Deliveroo was founded in 2013 by Will Shu & Greg Orlowski. Deliveroo IPO in 2021 on London Stock Exchange, with share price +23.3% YTD, +27.2% in last 12 months & -56% since IPO in 2021. In 2020, DoorDash, one of America’s largest food delivery service alongside UberEats, raised $3.37 billion at their IPO on New York Stock Exchange (NYSE), with share price rising +85.7% on first day of trading (8/12/20). DoorDash IPO price is $102, with the share price opening at $182 and closing at $189.51 on day 1 of trading. At closing, DoorDash has a market value of $60.2 billion.
“ United States Food Delivery Service $78 Billion DoorDash Makes Offer to Buy UK Deliveroo for $3.6 Billion, Deliveroo Founded in 2013 by Will Shu & Greg Orlowski, IPO in 2021 on London Stock Exchange, Share Price +23.3% YTD, +27.2% in Last 12 Months & -56% Since IPO in 2021 “
Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with approximately 176,000 best-loved restaurants and grocery partners, as well as around 150,000 riders to provide the best food delivery experience in the world. Deliveroo is headquartered in London, with offices around the globe. Deliveroo operates across 9 markets, including Belgium, France, Italy, Ireland, Qatar, Singapore, United Arab Emirates, Kuwait and the United Kingdom.
At DoorDash, our mission to empower local economies shapes how our team members move quickly and always learn and reiterate to support merchants, Dashers and the communities we serve. We are a technology and logistics company that started with door-to-door delivery, and we are looking for team members who can help us go from a company that is known for delivering food to a company that people turn to for any and all goods. DoorDash is growing rapidly and changing constantly, which gives our team members the opportunity to share their unique perspectives, solve new challenges, and own their careers. Our leaders seek the truth and welcome big, hairy, audacious questions. We are grounded in our company values, and we make intentional decisions that are both logical and display empathy for our range of users—from Dashers to Merchants to Customers.
DoorDash IPO Rises 85% on Day 1, Raised $3.3 billion
9th December 2020 – DoorDash, one of America’s largest food delivery service alongside UberEats, has raised $3.37 billion at their IPO on New York Stock Exchange (NYSE), with shares rising 85.7% on first day of trading (8/12/20). DoorDash IPO price is $102, with the share price opening at $182 and closing at $189.51 on day 1 of trading. At closing, DoorDash has a market value of $60.2 billion.
Door Dash – DoorDash is one of America’s largest food delivery service, and in other countries including Canada and Australia. In 2019, DoorDash reported revenue of $885 million. For the first 9 months in 2020, the company had reported revenue of $1.9 billion, and gross orders value of $16.5 billion on 543 million orders. DoorDash was founded in 2012 by 4 students as a class project to build an app for small business. The website was called PaloAltoDelivery.com and in 2013, joined Y Combinator start-up accelerator and received $120,000 in seed capital. In 2013, they changed the name of the company. The founders of DoorDash are Tony Xu, Stanley Tang, Andy Fang and Evan Moore.
Tony Xu, CEO & co-founder – Tony Xu is the CEO and co-founder of Doordash. In an interview with CNBC, he shared as a Chinese immigrant, he had moved to United States in 1989 at the age of 5 years old. His mother worked 3 jobs a day for 12 years to earn her U.S. medical degree, and he had started working at a young age by washing dishes with her in the restaurant she worked. At the age of 9, he started a lawn-mowing business. His parents placed great importance on education, and saved money to send him to University of California, Berkeley (Bachelor) and Stanford University (MBA). With DoorDash share price rising 85% on day 1, Tony became a billionaire and his personal fortune is estimated to be around $3 billion.
DoorDash IPO
DoorDash IPO original price target was $75 – $85 and subsequently increased to $90 – $95 before the final IPO pricing at $102, raising $3.37 billion. The underwriters for DoorDash IPO are Goldman Sachs and JP Morgan. Investors include SoftBank Vision Fund, Sequoia Capital, Greenview Investments (subsidiary of GIC)
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