Deliveroo, a leading food delivery company in the UK, 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 in total for the majority of the 2,000 staff at firm which has its Global HQ in the City 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.
In a message to all employees worldwide, the founder and CEO of Deliveroo, Will Shu, said he wanted all of the staff at the company “to be owners” and that the share options was “his way of thanking staff at the company a way of making sure this truly is our company in every way.”
Following its Series F fundraising round last year, the company has raised $957m 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.
Commenting, Will Shu CEO and Founder of Deliveroo said: “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.”