8 years ago

Deliveroo Secures $385 Million in Series F Funding, Valuation Exceeds $2 Billion

  • Deliveroo, the London-based food delivery startup, has raised $385 million in a Series F funding round led by T

  • Rowe Price and Fidelity

  • The new funding will be used to expand Deliveroo's Editions program, grow its technology team, and expand into new markets

  • The company's valuation is now over $2 billion

  • Deliveroo's revenue grew 611% in 2016, but losses also increased significantly

  • The company's gross margin percentage was only 0.7% in 2016.

      • ProblemTechnology

      "People want to order food from their favourite local restaurants quickly and conveniently, but traditional delivery options are often slow, expensive, and limited in selection."

      Solution

      "Deliveroo offers a platform that connects customers with restaurants, providing a fast and reliable delivery service. They also operate 'Editions' kitchens, which allow restaurants to expand their reach without the upfront costs of opening a physical location, and use technology to optimize delivery routes and improve efficiency."

      Covered on