Deliveroo raises $275m to accelerate deliveries

5 Aug 201625 Shares

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Deliveroo has launched in 29 new cities, added an additional 9,000 new restaurant partners, and created opportunities for 6,500 riders

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On-demand food delivery service Deliveroo has raised a $275m Series E investment led by Bridgepoint, DST Global and General Catalyst.

Since it raised $100m in a Series D round last November, Deliveroo says it has achieved 400pc growth and reached profitability in a number of its established markets.

It has also launched in 29 new cities and added an additional 9,000 new restaurant partners. The company employs 800 people worldwide.

‘After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery’
– WILL SHU, DELIVEROO

At all times, the company said it has maintained its average 30-minute delivery time.

Deals on wheels

Deliveroo raises $275m to accelerate deliveries

The company has also expanded its coverage to include breakfast, express lunch, alcohol and corporate ordering.

The new fund will be used to expand the service in both new and existing markets, as well as provide further investment in projects such as RooBox, a pioneering remote kitchen initiative.

RooBox gives restaurants access to delivery-only kitchens in key locations, accelerating geographic expansion.

Deliveroo was founded in London in 2013 by Will Shu and Greg Orlowski to change the food delivery model.

“After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery,” Shu said.

“In particular, I’m excited about exploring completely new ways to solve the hardest problems restaurants face when offering delivery.

“RooBox is the first illustration of this approach, and innovations like these are at the heart of our mission. We’re proud and honoured to have the support of Bridgepoint, DST Global and General Catalyst in this endeavour.”

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Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com