FDBusiness.com

Deliveroo, the leading food delivery company, has announced that it is to make all of its employees shareholders in the company and give them equity. The move will mean all permanent staff, present and future, will be given share options in the company.

The move will be worth nearly £10 million for the majority of the 2,000 staff at firm which has its Global HQ in London and operates in 12 markets across the globe. While offering staff share options is a common way for firms to recruit senior staff, very few offer them universally to all, regardless of seniority and at all levels. The announcement will apply to all current and future permanent employees.

Following its last fundraising round the company has raised $957 million to date and is valued at over $2 billion dollars. Earlier this year the company announced by the end of 2018 it will have created nearly 600 new tech jobs in London in just two years

Will Shu, chief executive and founder of Deliveroo, comments: “Employees at Deliveroo have made the company what it is today, and what sets us apart is our immense hunger to win, strong focus and care and a clear vision for the future. Our phenomenal growth and success has been made possible thanks to the hard work, commitment and passion of the people who make this company what it is, and that deserves recognition which is why I want all employees to be owners in Deliveroo and to have a real stake in the company’s future as we expand and grow.”