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DELIVEROO ACQUISITION
Doordash stock plunges over 15% after company unveils big spending plansDoordash plans to spend big on new technology, autonomous delivery, and global growth. The company bought Deliveroo and SevenRooms this yea...- DoorDash shares drop as new investment plan unnerves investorsDoorDash shares tumbled nearly 9% after the company announced plans to invest hundreds of millions more in 2026, unnerving investors amid r...
- DoorDash finalises its $3.9 billion acquisition of UK's DeliverooDoorDash completed its acquisition of Deliveroo. The deal cost four billion dollars. This expands DoorDash operations into Europe, Asia, an...
- Deliveroo CEO Will Shu to step down after DoorDash takeoverDeliveroo's founder and CEO, Will Shu, will resign following the company's acquisition by DoorDash, a U.S. competitor. The deal, valued at ...
- JPMorgan expands tech team with four veteran bankers from BofA, Goldman, LazardJPMorgan is strengthening its technology investment banking team with key hires from Goldman Sachs, Bank of America, and Lazard. The expans...
- Lahori’s funding fizz; Info Edge’s windfallBeverage brand Lahori has raised Rs 200 crore from Motilal Oswal Wealth. This and more in today’s ETtech Top 5.
- Cooking up a deal: DoorDash's Europe push is fraught with challengesDoorDash is making a significant push into Europe with the $3.9 billion acquisition of Deliveroo, expanding its reach to 40 countries. Mean...
- DoorDash is on a $5 billion buying spree after earnings beatIn a bold global expansion move, DoorDash announced $5.1 billion in acquisitions—UK-based Deliveroo and tech firm SevenRooms—while posting ...
- Uber to buy controlling stake in Turkey's Trendyol GO food delivery business for $700 millionThe stake purchase from Turkish e-commerce firm Trendyol Group gives Uber control of a platform that serves customers nationwide, deliverin...
- DoorDash to acquire UK's Deliveroo in $3.9 billion dealDoorDash said on Tuesday it will acquire British meal delivery company Deliveroo for 2.9 billion pounds ($3.85 billion), as the US online d...
- US stock market futures today: Why are Dow Jones, S&P 500, and Nasdaq futures swinging amid Spain blackout, Microsoft, Meta, Amazon earnings, and Trump's struggling economy?US stock market futures today are swinging wildly as Wall Street faces a nerve-wracking week packed with tech earnings and key economic dat...
- Doordash held talks with UK's Deliveroo on takeoverDoordash showed interest in acquiring Deliveroo, but talks ceased over valuation. Deliveroo's shares closed at 127.5 pence, valuing the com...
- Swiggy, Zomato among top 10 global online food delivery firms: ReportAccording to the Canada-headquartered global research firm ETC Group, Swiggy was placed in 9th place and Zomato on 10th.
- Gopuff to exit Spain while focusing international efforts in UKWhile the company is leaving Spain, the UK will become a bigger priority and is one of Gopuff’s fastest growing markets, with revenue incre...
- IPOs that crashed and burnedPaytm’s disastrous stock market debut—where its share price tanked 27.4% from its issue price—shares similarities with listing day performa...
- Stripe acquires Bengaluru-based payments software firm ReckoThe buyout will help Stripe expand its offerings in India beyond collection of payments and billings for merchants.
- Zomato may see good listing gains, but big returns unlikely laterLike its overseas peers, Zomato is still to make profits, as it is still in its early growth phase.
- UK shares turn negative as banks, miners dragA raft of global stimulus has helped the FTSE 100 recover more than 37% from a coronavirus-driven crash last year, but a recent rise in COV...
- Minister's mixed messagesElsewhere in today's ETtech Evening Briefing: Deliveroo kicks off London IPO; Headwinds for Wipro-Capco deal; Google aims to support a mill...
- Consolidation is the buzzword among food startups as companies look to scale up operationsFood startups have mushroomed in the past few months, sprouting food delivery aggregators, Internet-first restaurants, all fighting for a s...
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