Food delivery company Deliveroo has announced it will give all its employees equity in the company.
The move, which is worth over AU$18 million for most of the 2000 staff employed globally, will mean all permanent staff, present and future, will be given share options in the company – except for delivery staff, who are independent contractors.
Deliveroo operates across 12 markets, and specifically, 80 staff from the Australian headquarters in Melbourne, Sydney, Brisbane, and Perth offices will benefit from the shift in remuneration.
In a message to employees, founder and CEO Will Shu said he wanted staff to be owners, and that the share options were his way of thanking staff and giving them ownership.
"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," Shu said.
Following its last fundraising round, the company has raised A$1.2 billion to date and is valued at over A$2.6 billion dollars.
Earlier this year, the company announced that by the end of 2018 it will have created nearly 600 new tech jobs in just two years.
