![]() ![]() Its main competitor, Just Eat, operates in many of the same markets. In recent news, Deliveroo, a leading online food delivery company, announced a massive funding round of 180 million from a consortium of investors, including Durable Capital Partners, Fidelity Investments, and Bradshaw Capital. In the same interview, Shu also said his company had been profitable “at the operating level” for about six months.Ĭurrently, Deliveroo operates in 12 countries, including a number of Western European nations as well as Singapore, Australia, and the United Arab Emirates. Will Shu, Deliveroo’s founder, told The Guardian in December that COVID-19 had “accelerated consumer adoption of food delivery services by about two or three years,” and that order volumes for the service in the U.K. ![]() regulatory watchdog the Competition and Markets Authority approved Amazon’s highly scrutinized investment into Deliveroo, saying the delivery business could collapse without the funds.īut, like other third-party delivery services around the world, Deliveroo has wound up faring very well so far throughout the pandemic. Deliveroo, the leading online food delivery company, has recently secured 180 million in new funding from investors led by Durable Capital Partners and Fidelity Management, valuing the company at 7 billion 1. The additional funds will allow Deliveroo to enter new markets, both domestically and internationally, and further strengthen its foothold in existing territories. Creathor Venture manages funds of more than 180m and invests in. It’s a shift from several months ago, when Deliveroo had to cut 15 percent of its staff in response to the pandemic. 3TS Capital Partners is one of the leading private equity and venture capital firms in. The company also said it would offer more restaurants its Signature service, which lets customers order via a restaurant’s own website. The London, U.K.-based company said it would use the new funds to “further drive growth and enhancements to its services for restaurants, riders and consumers.” Examples of those areas include expanding Editions, Deliveroo’s delivery-only kitchen sites, expanding its grocery delivery service, and expanding its Plus subscription service. The new funds come ahead of Deliveroo’s initial public offering, which is expected to happen in the next few months. With it, Deliveroo is now valued at over $7 billion, according to an official company statement. The round was led by Durable Capital Partners LP and Fidelity Management and Research Company LLC. Deliveroo announced this week it has raised over $180 million in Series H funding from existing investors. ![]()
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