- $7 billion food delivery company Deliveroo is preparing for an IPO.
- The Amazon-backed firm has put together a board comprising its senior execs, its biggest investors, and experienced non-executive directors.
- The 12-strong board has only one woman, Claudia Arney, who is also its chair.
- Visit Business Insider’s homepage for more stories.
Amazon-backed food delivery startup Deliveroo is anticipated to float in 2021, marking a rare high-profile British technology float.
Like rival Uber Eats, Deliveroo allows consumers to order restaurant food via an app and relies on a network of gig economy cyclists and motorcyclists to make the deliveries. During the coronavirus pandemic, it has expanded into grocery delivery. The firm doesn’t operate in the US, but around Europe and parts of Asia.
The company was founded in 2012 by current CEO Will Shu and Greg Orlowski, who departed the business in 2016. According to its most recent financial filings, the company is still loss-making, albeit posting healthy profit margins and revenue growth. Deliveroo’s float will continue the US trend of buzzy tech firms floating before they consistently turn a profit.
Ahead of its expected float, Insider looked at the 12 board members steering the firm towards a float – a mix of company executives, its biggest investors, and seasoned corporate execs.
The board is overwhelmingly men, counting just one woman, chair Claudia Arney.
Scroll on for the full list:
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