Deliveroo loses co-founder and tech boss as Greg Orlowski quits

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One of Deliveroo’s American founders and the architect of its online takeaway delivery platform has quit the London-based start-up.

Greg Orlowski, a computer programmer who launched Deliveroo with Will Shu just three years ago, resigned as its chief technology officer and as a director earlier this month.

Shu, a former investment banker, said the 36-year-old left to spend more time with his wife in Chicago after the birth of their daughter.

“[Greg] has decided to devote himself to new interests closer to home, where he can be with his growing family,” Shu told the Standard.

“He has been instrumental to the development of Deliveroo and we both have very fond memories of building the business from my living room. Without him, the business would not be what it is today and we remain close friends.”

Shu added that there were no immediate plans to find a replacement chief technology officer.

Deliveroo is backed by early Facebook investor Accel Partners and Index Ventures – which is also an investor in rival takeaway service Just Eat – and has raised around $200 million (£144 million) since its inception in 2013.

Investors paid £133.85 for shares in the latest funding round in November, valuing the company, which allows users to order food from restaurants such as Gourmet Burger Kitchen that do not already offer takeaways, at £376 million. Orlowski’s stake in the business is worth £46 million.

Source Article from http://www.standard.co.uk/business/deliveroo-loses-cofounder-and-tech-boss-as-greg-orlowski-returns-to-us-a3191726.html

March 1, 2016 |
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