Deliveroo’s regional units merge into DoorDash after acquisition

Deliveroo’s regional units fold into DoorDash: The local Qatari, Emirati, and Kuwaiti arms of the British delivery giant Deliveroo are now officially part of DoorDash after the Nasdaq-listed e-commerce company closed its buyout of Deliveroo. The Deliveroo tie-up comes as consolidation accelerates in the sector, with DoorDash also said to be eyeing Mubadala’s stake in Turkish delivery company Getir.

New management: While the company will continue to operate under the Deliveroo brand, Miki Kuusi, co-founder of food and retail delivery company Wolt, will take over as CEO alongside his role as DoorDash’s head of international, relocating to London in the coming months.

About Deliveroo’s operations: Deliveroo works with some 178k restaurants, grocers, and retailers and 130k riders across nine markets, serving about 7 mn active customers.

Background: DoorDash first announced the USD 3.9 bn takeover in April, in a transaction that has since been awaiting regulatory and shareholder approvals. The move expands DoorDash’s footprint to more than 40 countries, with the combined group handling about USD 90 bn in gross order value last year and serving 50 mn monthly active users.