Deliveroo is to give all employees free share options in the company in a move worth almost £10m, the company announced this morning.
The delivery business, whose green and black liveried bicycling couriers are a familiar sight on the streets of the City, is to hand the stock options to nearly 2,000 permanent staff.
Founder and chief executive Will Shu said on Wednesday that he wanted to reward with share options the almost 2,000 permanent staff at the firm, which is valued at around US$2 billion.
However, because Deliveroo delivery riders are classed as self-employed contractors and not permanent employees, they will be shut out of the award.
Workers will be able to cash out if Deliveroo floats its shares or is sold.
Following a fundraising past year, the firm is valued at over 2 billion United States dollars. The move will be worth almost £10m in total for the majority of the 2,000 staff at firm which has its global headquarters in London and operates in 12 markets across the globe.
Food delivery company Deliveroo has announced that it is to make all of its employees shareholders in the company.
"Our phenomenal growth and success has been made possible thanks to the hard work, commitment and passion of the people who make this company what it is and that deserves recognition, which is why I want all employees to be owners in Deliveroo to have a real stake in the company's future as we expand and grow".
"They are the ones that carry the company on their backs".
The largesse to its permanent staff comes as the Independent Workers Union of Great Britain, a union that represents workers in the gig economy, is aiming to raise £50,000 to fund a court battle against Deliveroo.