Deliveroo raises $US385 million from investors

26 September, 2017 by
Annabelle Cloros

The delivery conglomerate has raised more than $US385 million from investors, valuing the company at $US2 billion.

The new capital will be used to invest in three aspects of business. Editions (previously known as RooBox), will see the introduction of delivery-only kitchens that allow partner restaurants to expand without traditional upfront costs. Increasing food selection and optimising delivery times are also factors of the program.

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Deliveroo will also increase the size of their technology team and expand into new towns, cities and countries.

“I am proud that millions of people use Deliveroo in over 150 cities around the world,” says Will Shu, Deliveroo founder and CEO.

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“This is all thanks to the hard work of our riders, the great restaurants that we work with and our brilliant customers.

“I am extremely pleased that our new investors share this vision and have decided to make such a significant investment in our future.

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“With this funding we will invest further in our delivery-only kitchens Editions, in developing our technology and in taking Deliveroo to more towns and cities. This investment will take us to the next level and allow our riders to deliver ever more great food directly to people’s doors.”

Image credit: Tookanapp