Food delivery giant Deliveroo is challenging a ruling last month by the Fair Work Commission (FWC) which found a dismissed rider was more like an employee than an independent contractor. The ruling, which acknowledged technology and the pandemic meant traditional employment had “changed dramatically”, has implications for the future of […]
Following proposed NSW laws that will fine riders and require identification tags issued by the state government, delivery riders say efforts by the major platforms will have little impact if pay stays low. Business Insider Australia spoke to riders working in Sydney’s inner city about changes to how the platforms […]
With the acquisition of a local jobs marketplace, Zaarly, Australian startup Airtasker is poised to enter its biggest market yet with an expansion to the US. As the industry sees real pushback and growing regulatory efforts, founder and CEO Tim Fung told Business Insider Australia he’s not concerned about threats […]
The Fair Work Commission (FWC) has made a landmark ruling that could see a renewed push to recognising delivery riders as employees. The FWC ruled on Tuesday that former Deliveroo rider Diego Franco was more akin to an employee than a contractor before he was dismissed for “no valid reason”. […]
Deliveroo has warned it would be forced to reduce the size of its workforce if it had to engage its riders as employees with minimum conditions, after operating as a major source of jobs during the pandemic. The food delivery company, which engages about 8000 riders as independent contractors, has […]
Retail investors began trading shares on Wednesday, after Deliveroo listed on the London Stock Exchange on March 31.
Goldman Sachs, one of Deliveroo's underwriters, bought shares worth $103 million to boost its stock after its IPO dwindled.
Goldman Sachs bought about £75 million of Deliveroo shares to aid the food-delivery company's IPO price after it dropped in its London debut, Financial Times reported.
The British food-delivery startup doesn't have the scalability of a bigger US tech company like Uber, one market analyst said.
Shu is thought to have made $36 million from Deliveroo's IPO after selling around 6.7 million shares at $5.35.
The food-delivery startup's float comes after a pandemic-related surge in business, as consumers flocked to takeaway food.
Most big UK asset managers will not invest in the Deliveroo IPO on Wednesday, citing worker's rights concerns. Shares will trade at low end of the target range.
Deliveroo is set to float on the London Stock Exchange on March 31.
The UK food delivery giant chose the UK capital for its multibillion-dollar float.
Food delivery firm Deliveroo is now worth north of $US7 billion after raising $US180 million in fresh funding. The Amazon-backed company is preparing to go public later in 2021. Insider reported this week that UK-based Deliveroo could be valued at up to $US13.6 billion when it floats, with one source […]
The Transport Workers Union is urging the federal government to investigate the food delivery industry after the fifth death of a rider on the roads in two months. Food delivery platforms categorise their workers as independent contractors rather than employees. This distinction means those riders don’t have entitlements like minimum […]
Deliveroo is battling a test case that threatens to find its delivery riders are employees and potentially entitled to minimum pay and conditions by arguing that workers who can do other gigs during their “shifts” cannot be employees. The Transport Workers Union kicked off its case against the on-demand delivery […]