INSUBCONTINENT EXCLUSIVE:
Food delivery startup Deliveroo is feeling generous today
The company is handing out equity to all full-time staff members
And yet, there are a few caveats.First, the company is currently worth over $2 billion
In total, Deliveroo is just handing out 0.675 percent of the company to its employees
represents a $6,750 equity bonus per employee on average
And shares usually vest after a certain amount of time.Second, this is the perfect example of the gig economy
In addition to the usual benefits, full-time employees are getting rewarded once again
They might be the ones who pick up food in restaurants and hand it to customers, but they will never be full-time employees.Sure, Deliveroo
and Uber Eats are now providing free accident insurance coverage, but it mostly covers hospital bills
Riders have been asking for better rights, and this insurance package is just a good way to ease the pressure.Working with contractors at
scale is the backbone of Uber, Deliveroo and many other on-demand startups
in working more for less money
