Deliveroo Riders To Get Cash Bonus If Potential IPO Succeeds

Deliveroo announced on Sunday (March 7) that it is setting aside £16 million (S$26.5 million) as part of a Thank You Fund for its delivery riders globally.

The Thank You Fund is slated to be launched on the day of Deliveroo’s initial public offering (IPO), and will be available to active riders in all 12 markets in which Deliveroo operates.

The food delivery giant aims to recognise the invaluable role that riders have played in the  journey to an expected listing via the multi-million dollar fund.

Riders are at the heart of our business, and we want to reward their efforts that have helped Deliveroo become what it is today. Their commitment to great service has enabled us to grow and offer the best food delivery experience in the world.

Will Shu, Founder and CEO of Deliveroo

How To Know If You Are An Eligible Rider?

Deliveroo rider
ImageCredit: MLR Institute

Riders will be eligible for the payout if they have worked with Deliveroo for at least one year and completed 2,000 orders.

The amount will differ based on the number of orders they have delivered — from a minimum S$370, to S$925, to S$1,850, to the highest payout of S$18,500.

The largest payments will be made to those riders who have completed the  highest number of orders in each market.

According to Deliveroo, the percentage of riders eligible for each of the different awards will be consistent across all markets.

The average payment per eligible rider will be S$815, and over one-quarter of Deliveroo’s global rider fleet — or 36,000 riders — are expected to benefit from the scheme.

“Over the last year, riders have helped us do so much more than just deliver great food, having supported businesses and enabled vulnerable people or those self-isolating to stay safe indoors throughout a global pandemic. We’re pleased to be able to say thank you,” said Deliveroo founder and CEO Will Shu.   

Back in 2018, Deliveroo announced that it would make all its permanent staff shareholders in the company as a way to thank its staff.

This move, worth nearly £10 million (S$18 million), meant that the majority of the 2,000 permanent staff at Deliveroo, globally, were given share options in the company.

Featured Image Credit: Retail News Asia

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