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DoorDash on Tuesday announced two major acquisitions as it seeks to expand its stretch in Europe and broaden its sources of tax income .
DoorDash say it has agree to buy its U.K. rival Deliveroo for about £ 2.9 billion ( around $ 3.87 billion ) as the U.S. food delivery fellowship attempt to expand into new food market .
Alongside this , DoorDash on an individual basis enounce it is acquire SevenRooms , which provides CRM , merchandising , and operation software to help eatery , hotel , and public venues with reservation and invitee management , for $ 1.2 billion in cash .
The Deliveroo attainment would give DoorDash accession to nine newfangled market in Europe , where the U.K. firm operate in the first place . The companies are betting their combined graduated table will also help them contend better with rivals such as Just Eat Takeaway and Uber Eats .
Meanwhile , buying SevenRooms would let DoorDash broil restaurant qualification , CRM , and guest direction features into its B2B commerce chopine part , help the company diversify beyond food delivery .
DoorDash will pay Deliveroo shareholders 180 pence ( around $ 2.40 ) per share , which represents a premium of 44 % over the latter ’s plowshare price on April 4 , when the U.S. firm approach with its acquisition offer , the company said . DoorDash would operate in 40 countries and service a total of 50 million monthly active user once this attainment close .
Founded in 2013 , Deliveroo survive public in 2021 , when the grocery and intellectual nourishment delivery sphere was riding high on post - pandemic tailwinds . People were still seek to stay on home , process remotely , and so were ordering takeout more than they would have otherwise . solid food and grocery livery startups were being institute in drove and appeal piles of venture Washington .
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But as COVID concern wither and people devolve to shop in person and going out to restaurants and cafes , food and market delivery startups suddenly found themselves struggling to conform to rapidly change consumer doings in a suddenly crowded space . It did n’t help that capital commence originate scarce in 2022 as interest rates rose and venture investors held on to their checks as they sought more profitable investments .
Since its itemisation , Deliveroo ’s parcel had declined more than 50 % until April 4 . This March , the companysold its Hong Kong commercial enterprise to Delivery Hero , advert acute competition . It had also exited Australia in 2022 , where it look like contender pressures .
SevenRooms has so far raise about $ 75 million in total , per PitchBook , and it says it has about 13,000 customer , which include MGM Resorts , Marriott International , Accor Group , Wynn Resorts , and Hyatt .
Deliveroo reported tax income of about £ 2 billion ( around $ 2.67 billion ) and egregious transaction value of £ 7.1 billion ( around $ 9.49 billion ) in the yr end December 2024 .
The Deliveroo deal is expected to close in Q4 2025 , while the SevenRooms acquisition is expected to close in the 2nd one-half of 2025 . Both deals would require regulatory approval .
