DoorDash has officially completed its acquisition of Deliveroo, marking its entry into the Singapore market. Despite the change in ownership, the Deliveroo app will continue to operate under its existing brand, offering ready-to-eat meals, groceries, and its Shopping arm. This transition is part of DoorDash’s strategy to leverage its global scale and technology to enhance service delivery.
Tony Xu, DoorDash’s co-founder and CEO, emphasised that this acquisition represents “the beginning of a new chapter, not the end of an old one.” He assured Deliveroo’s seven million active customers that the user experience would become “even faster, smarter, and more delightful.” Additionally, Xu highlighted plans to introduce new tools for the 178,000 merchants on the platform to help them thrive both online and offline.
For Deliveroo’s 130,000 riders, Xu promised to maintain flexibility whilst enhancing safety and support features. Miki Kuusi, co-founder of Wolt, will assume the role of CEO of Deliveroo, alongside his duties as Head of International at DoorDash. Kuusi expressed admiration for Deliveroo’s achievements, stating, “I couldn’t be more excited to learn from each other as we take our shared mission to the next level.”
This acquisition is expected to bolster DoorDash’s presence in Singapore and enhance the delivery experience for consumers, merchants, and riders alike. As DoorDash integrates its technology and logistics capabilities, the company aims to drive economic vitality and innovation in the region.
