The Ledger
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Stebbings: DoorDash bought Deliveroo for $2.9B at a $1.4B premium
“Delivery is also getting bought by door dash for 2.9 billion. Just to put that in context for you guys, and I don't mean that rudely, but I'm sure you're not aware of public markets in the UK. It was valued at between 1.4 and 1.5 billion. That is a 1.4 billion…”
Will Shu: Over 50% of Deliveroo riders work on multiple platforms
“Over 50% of our riders work on multiple platforms.”
Will Shu: European online food delivery penetration remains at just 3%
“Online penetration of food is three to five percent still today. Now, I think the US sort of leapfrogged a lot during COVID, but if you look at Europe, It's still in that, you know, one meal out of 21 a week is online. So I think we're super, super early.”
Lixandru: Deliveroo achieved early viral growth with virtually zero marketing spend
“This was pretty much no marketing, all word of mouth, and you could really tell they had hit the nail on the head in terms of customer demand”
Will Shu personally performed Deliveroo food deliveries for a full year
“I did the most unscalable things. I did deliveries for an entire year. I, you know, signed up every restaurant at nighttime worked on product.”
Deliveroo raised over $1.7 billion prior to its 2021 IPO
“Prior to their IPO earlier this year, Will raised over 1.7 billion dollars for the company from some of the best in the business, including Excel, Index, General Catalyst, Green Oaks and more.”
Deliveroo's 12 markets represent a $1.8 trillion total addressable market
“If you think about the tan of the 12 markets we're in between grocery and restaurant food, it's 1.2 trillion pounds or 1.8 trillion dollars, right?”