
Deliveroo Founder: From £0 to £5 Billion: Will Shu | E88
TL;DR
- Will Shu built Deliveroo from scratch to a £5 billion valuation by identifying a gap in the food delivery market and executing relentlessly
- He confronted serious challenges including rider discrimination and labor practices, forcing the company to evolve its approach to worker treatment
- The Deliveroo IPO journey was complex and controversial, revealing tensions between founder vision and public market expectations
- Will maintains involvement in the business by still doing deliveries himself, staying connected to the core product and customer experience
- Mental health struggles and the isolation of being a CEO are significant challenges he has worked through during his entrepreneurial journey
- Competition and market dynamics require constant strategic thinking, while maintaining focus on the company's long-term mission and values
Key Moments
Episode Recap
In this episode, Will Shu shares his journey from founding Deliveroo to building it into a £5 billion business. Steven Bartlett explores how a young entrepreneur identified an opportunity in the food delivery space and executed a vision that transformed the industry across Europe and beyond.
Will discusses his early years and what drove him to tackle the delivery industry, a space many considered saturated or impossible to win. He reveals the thinking behind the company name and introduces his co-founder's critical role in the venture's success. The conversation delves into the substantial challenges faced during rapid scaling, from operational hurdles to market competition.
A significant portion addresses the darker side of the gig economy. Will confronts difficult questions about rider discrimination and treatment of delivery workers, acknowledging how Deliveroo has had to evolve its practices and policies. This reflects broader societal conversations about worker rights in the gig economy and corporate responsibility.
Will opens up about his mental health journey, describing the psychological toll of building and running a high-pressure startup. He shares one of his hardest moments within Deliveroo, offering authentic insight into the emotional weight of entrepreneurship at scale. The discussion moves into personal territory, exploring how romantic relationships face strain when someone is fully committed to building a business, and what he does to maintain balance and relaxation.
The episode covers Deliveroo's controversial IPO journey, which faced significant public and political backlash in the UK. Will discusses the strategic thinking behind taking the company public and how the process tested his vision and resolve. Despite the turbulence, he demonstrates commitment to the business by continuing to do deliveries himself, a practice that keeps him grounded in the customer experience and operational realities.
Will shares his perspective on competition within the delivery space, explaining how he thinks about market dynamics and competitive threats. The conversation touches on money and wealth, exploring what drives him beyond financial success. He articulates his vision for what Deliveroo aims to achieve going forward, indicating ambitions that extend beyond simply being a profitable delivery platform.
Throughout the interview, Will demonstrates both the exhilarating highs and brutal lows of entrepreneurship. He reveals how building something from nothing requires not just business acumen but also emotional resilience, authentic leadership, and willingness to evolve when faced with legitimate criticisms about business practices.
Notable Quotes
“I wanted to build something that would have a real impact on how people live their lives”
“The hardest part wasn't the business model, it was the execution and dealing with the doubters”
“Mental health as a CEO is something nobody really talks about, but it's incredibly important”
“I still do deliveries because it keeps me connected to what we're actually building”
“Success isn't just about the money, it's about creating something meaningful and treating people fairly”


