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Deliveroo CEO Will Shu

Deliveroo CEO Will Shu in France in 2018.

Aurelien Morissard/IP3/Getty Photos


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  • $7 billion food shipping company Deliveroo is making willing for an IPO.
  • The Amazon-backed agency has effect collectively a board comprising its senior execs, its greatest merchants, and skilled non-govt administrators.
  • The 12-solid board has most effective one girl, Claudia Arney, who's also its chair.
  • Depart to Enterprise Insider's homepage for more tales.

Amazon-backed food shipping startup Deliveroo is anticipated to circulation in 2021, marking a rare high-profile British skills waft.

Like rival Uber Eats, Deliveroo enables customers to uncover restaurant food by skill of an app and depends on a network of gig economic system cyclists and motorcyclists to make the deliveries. Throughout the coronavirus pandemic, it has expanded into grocery shipping. The agency doesn't operate in the US, however around Europe and scheme of Asia.

The company became based in 2012 by unusual CEO Will Shu and Greg Orlowski, who departed the commercial in 2016. In step with its most most in vogue financial filings, the corporate is soundless loss-making, albeit posting wholesome earnings margins and earnings allege. Deliveroo's waft will proceed the US pattern of buzzy tech corporations floating earlier than they consistently turn a earnings.

Sooner than its anticipated waft, Insider checked out the 12 board members steering the agency in direction of a waft – a combine of company executives, its greatest merchants, and seasoned corporate execs.

The board is overwhelmingly men, counting correct one girl, chair Claudia Arney.

Scroll on for the stout list:

Bought a tip about Deliveroo? Contact the reporter unhurried this story, Shona Ghosh, at sghosh@businessinsider.com or +447412061471 for Signal/WhatsApp.

Cofounder and CEO Will Shu

Will Shu Deliveroo resized



Deliveroo


41-year-ragged Will Shu became born in Connecticut to Taiwanese folks, and commenced his occupation in funding banking. Working at Morgan Stanley, he moved to London from Unruffled York in 2001, came all the contrivance thru the native takeaway food scene "depressing", and vowed to raise out one thing to alternate it.

After a failed are attempting to assemble a takeaway app alongside with his childhood buddy Greg Orlowski, Shu took an MBA at Wharton and the pair tried as soon as more. In 2013, the 2 began building Deliveroo out of Shu's home and the commercial exploded from there. (Orlowski left Deliveroo in 2016).

That you simply can be taught more about Shu and Deliveroo's backstory right here.

Chief financial officer Adam Miller, beforehand an exec at Expedia

Deliveroo CFO Adam Miller



CarTrawler


Miller joined Deliveroo in 2019. He became promoted to the feature of chief financial officer in July 2020, nine months after the departure of predecessor Raif Jacobs.

As CFO, Miller will now be tasked with laying the groundwork for Deliveroo's waft.

Jayant Mittal represents Deliveroo's greatest backer, Amazon

bezos shu

Jayant Mittal is no longer pictured right here — as yet every other or no longer it's Amazon CEO Jeff Bezos and Deliveroo CEO Will Shu.

Reuters / Drew Angerer of Getty Photos


Amazon became, at one time, pondering about purchasing for Deliveroo, even supposing one offer has instructed Insider that the discussions acquire been never that significant.

In 2019, the e-commerce wide as yet every other took a wide stake (16%) in Deliveroo and would possibly perhaps perchance perhaps arguably reap a lot the the same support, gaining perception into how the startup's network of gig economic system riders would possibly perhaps perchance perhaps additionally be deployed for different sorts of shipping.

Jayant Mittal, a company pattern director at Amazon, represents the agency's hobby in Deliveroo as a board member. In step with his LinkedIn profile, his feature also contains picking out acquisition targets for Amazon in Europe all the contrivance thru self sustaining tech, electrical cars, battery tech, robotics, transportation, drones, and fintech.

Chairwoman and seasoned British board govt Claudia Arney

Claudia Arney

Claudia Arney palms John Stones of Manchester Metropolis his winners medal all the contrivance thru the Premier League match between Brighton & Hove Albion and Manchester Metropolis

Michael Regan/Getty Photos


Arney is the only real real female representative on Deliveroo's board, and likewise its chair.

Her occupation has been various, spanning consultancy, media publishers, the federal government, and corporates. She became at one time an advisory board member to Huawei, a non-govt director of grocery shipping trailblazer Ocado, and intervening time chair of the Premier League.

Lord Simon Wolfson, CEO of UK vogue retailer Subsequent

Simon Wolfson, CEO of Next

Subsequent CEO Simon Wolfson

Subsequent


Like Claudia Arney, non-govt director Lord Simon Wolfson will likely be a recognizable face to Deliveroo's prospective merchants and his appointment parts strongly to a London in wish to Unruffled York list. Wolfson is also the CEO of Subsequent, the British clothing stalwart.

Ex-Zulily CEO Darrell Cavens

Darrell Cavens zulily CEO

Darrell Cavens, while CEO of Zulily.

Zulily


Cavens is a Seattle e-commerce worn, having made a reported $750 million from the sale of his flash-gross sales effect of living Zulily to QVC. He now has more than one board jobs to juggle moreover Deliveroo, and is listed as being on the boards of electrical bike agency Red Energy Bikes, and sumptuous vogue agency Tapestry, which owns Kate Spade amongst other brands.

Ex-Worldpay CFO Rick Medlock

Deliveroo board member Rick Medlock

Rick Medlock

Synamedia


A Chartered Accountant by background, Medlock provides some gray hairs to a company that has been around for no longer up to decade. Sky Recordsdata reported that Medlock is chair of Deliveroo's audit committee. He became chief financial officer at WorldPay and his other tech directorships consist of security agency Sophos.

Like fellow board member Adam Valkin, he would possibly perhaps perchance perhaps additionally acquire some familiarity with Deliveroo's immense investor Amazon, having chaired the audit committee for LoveFilm, which became bought by Amazon in 2011.

Antoine Froger of Bridgepoint, a PE investor in Deliveroo

Antoine Froger



Bridgepoint


Paris-essentially based Antoine Froger represents non-public equity investor Bridgepoint, which led Deliveroo's Sequence E funding round in 2016. He also sits on the board of Burger King France.

Within the months after this funding round, Deliveroo CEO Will Shu began dropping solid hints that the agency became pondering an IPO.

Benny Peretz, accomplice at Deliveroo investor Greenoaks

Peretz is managing accomplice at global funding agency Greenoaks Capital, which has also backed Amazon competitor Flipkart in India.

Greenoaks co-led Deliveroo's Sequence D funding round alongside DST Global in leisurely 2015. Like CEO Will Shu, Greenoaks is a graduate of the University of Pennsylvania's Wharton commercial school.

Adam Valkin, venture capitalist investor at Popular Catalyst

Adam Valkin, General Catalyst

Popular Catalyst's Adam Valkin


NOAH



US venture capital agency Popular Catalyst became an investor in Deliveroo's Sequence E round in 2016.

Valkin beforehand labored for and remains close with one other Deliveroo investor, Accel. Like Accel, he has invested in one other immense British startup, neo-bank Deliveroo. Other immense corporations in the Popular Catalyst portfolio consist of Snap, Airbnb, and Canva.

Valkin will also consider of Deliveroo investor Amazon, because the ex-CEO of LoveFilm, the British streaming carrier received by Amazon in 2011.

Martin Mignot, venture capitalist investor at Index

Martin Mignot



Index Ventures


Mignot is amongst the sooner merchants in Deliveroo, having led Index's round into the corporate in 2014. A vocal champion of the agency, Mignot became publicly expressing self belief in a Deliveroo IPO support in 2017, when the agency became posting wide losses and a cramped contaminated margin.

Seth Pierrepont, who represents Deliveroo investor Accel

Accel Seth Pierrepoint

Seth Pierrepont

Accel


Mission capital agency Accel became one other early backer of Deliveroo, even supposing the 2 merchants who oversaw the deal, Fred Destin and Luciana Lixandru, acquire since left the agency.

Seth Pierrepont took over the board seat in 2020. He is also invested in PillPack, the pharmacy startup received by Deliveroo investor Amazon in 2018.


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