Deliveroo confirms $275m investment into expansion and new projects

By Hannah Thompson contact

- Last updated on GMT

Deliveroo confirms $275m investment into expansion and new projects

Related tags: Venture capital, Private equity

Online food ordering and delivery service Deliveroo has confirmed it has received a $275m (£210m) investment to help it expand in new and existing markets, and into other similar projects.

The investment has been led by private equity group Bridgepoint, existing Internet company investor DST Global, and venture capital firm General Catalyst, with participation by internet investment firm Greenoaks Capital.

The investment is the latest for the company, which has achieved 400% growth since November last year, and launched in 29 new cities in the same time, bringing its total number of cities to 84 across 12 countries, including France, Germany, Spain, Belgium, Ireland. Australia, Hong Kong, the UAE, and Singapore.

It also added over 9,000 new restaurant partners (including high-profile players such as PizzaExpress) and enlisted over 6,500 new riders.

Other new initiatives in recent months have included expanding the service to cover breakfast, lunch, alcohol, and corporate ordering.

The money will also go towards Deliveroo’s investment in projects such as RooBox, which it describes as a ‘remote kitchen initiative’, allowing restaurants to offer delivery-only kitchens in certain locations, allowing the company’s geographic remit to expand.

Deliveroo was founded in 2013 by Will Shu and Greg Orlowski, and is headquartered in London.

Shu, co-founder and chief executive, said: “After seeing strong growth in the markets that we launched in November, our new focus is to drive further innovation in food delivery. In particular, I’m excited about exploring completely new ways to solve the hardest problems restaurants face when offering delivery.”

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