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DoorDash planned on acquiring Deliveroo

Monday 7 March 2022 13:48 CET | News

US-based delivery company DoorDash has taken into consideration a takeover bid for UK-based Deliveroo, but the companies failed to reach an agreement, according to Sunday Times.

It is understood that DoorDash conceived a plan to further expand in Europe and entered talks with Deliveroo’s officials in the summer of 2021. A successful conclusion would have created a delivery company with USD 5.2 billion worth of business activity, as per Sunday Times.

The US-based company, instead, bought startup Wolt Enterprises in Finland for about USD 8 billion. This merger became notable during the increase of food-delivery services in the COVID-19 pandemic, but couldn’t manage to output profits.

DoorDash is a technology and logistics company that started with door-to-door deliver. It’s mission is to augment local economies and support merchants with food delivery services.



Source: Link


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Keywords: delivery, merger, expansion, merchants, ecommerce
Categories: Payments & Commerce
Companies: Deliveroo, DoorDash
Countries: Europe
This article is part of category

Payments & Commerce

Deliveroo

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DoorDash

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