Deliveroo Gets $25 mill to Expand Food Delivery Service

The investment will upgrade the company’s delivery of high-quality restaurant meals.

Deliveroo announced that it has received a $25-million investment by Accel Partners, with participation from Index Ventures, Hoxton Ventures and Hummingbird Ventures.

The investment will help drive expansion of Deliveroo, the food delivery service for high-quality local restaurant meals, across the UK and internationally. Deliveroo is already live in London and Brighton, and also launched in Manchester recently.

Speaking of the fundraising, William Shu, CEO of Deliveroo said “[The] funding gives us the ammunition we need to bring our first-class delivery service to a much wider audience, and we’re delighted to have the Accel team and our existing investors on board to help us reach our goal”.

Martin Mignot from Index Ventures, the venture capital firm that led Deliveroo’s funding, added: “Deliveroo is one of the fastest growing companies in our portfolio. The main reason behind this growth is its win-win-win proposition. Customers get access to good food they couldn’t get delivered before, restaurants increase their revenues and hundreds of drivers generate new income.”

Accel Partners’ Fred Destin will join Deliveroo’s board, while Luciana Lixandru will be an observer.

Join QSRMedia UK community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The brand previously revealed it will open ten sites this year.
The burger is available until 31 January in Absurd Bird sites.
The company operates 18 restaurants in the UK.
This will be the fifth London site for the Australian chef.
She joined Papa John’s in 2015 as senior director for digital marketing and most recently served as senior vice president for customer experience.
274 million orders were processed in the fourth quarter of last year.
This effectively ends a takeover bid from the Issa brothers' EG Group.
The company will invest over £9.2 million to raise hourly rates amidst sector-wide labour shortages.
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
The move is expected to create 1,000 jobs and 4,000 over the next three years.
Deliveroo, meanwhile, reported a 117% surge in plant-based ordering across the UK since Veganuary 2021.
It also has plans to grow in Edinburgh in the next few years.
Sales in December 2021 ran at approximately 63% of 2019 levels.