Alex Webb, Columnist

Deliveroo’s Banker Boss Takes a $4 Billion Uber Ride

Will Shu seems to be taking advantage of deal speculation around the British meal delivery specialist to try to raise more funds and boost its value.

November 26, 2018 at 11:20 AM UTC

By Alex Webb

Alex Webb is a correspondent for Bloomberg Quicktake. He previously covered the technology, telecoms and media industries in London, San Francisco and Munich.

Deliveroo isn’t exactly hungry for money, but another $500 million is always nice.
Photographer: Simon Dawson/Bloomberg

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Will Shu, Deliveroo’s chief executive, is a former investment banker. So he probably knows how to cook up deal interest in a food delivery company whose riders have become a feature of British city streets.

Indeed, back in September, scoops from Bloomberg News and the Daily Telegraph indicated that both Uber Technologies Inc. and Amazon.com Inc. had held early acquisition talks with Deliveroo. Then Sky News reported this past weekend that the London-based firm was looking to raise as much as $500 million from investors.