Deliveroo confirms $275m investment into expansion and new projects

Food ordering and delivery service Deliveroo has confirmed a $275 million dollar investment into expanding into new markets and projects. The company has also added many restaurant partners (9,000). The company has seen 400% growth as reported in November before these investments were made. The founder has said after such growth, it is time to expand.

Key Takeaways:

• Deliveroo an online food ordering service has confirmed it has received a $275 million dollar grant to help it expand into new and existing markets.
• The investment is the latest for the company, which has achieved 400% growth since November last year.
• The money will also go to Deliveroo’s investment in projects such as Roobox, a remote kitchen initiative.

“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.”

http://www.bighospitality.co.uk/Business/Deliveroo-confirms-275m-investment-into-expansion-and-new-projects