Deliveroo Secures $275m

Deliveroo croppedFood delivery company Deliveroo has secured $275m (£211m) in funding from a combination of existing investors, and one significant new one, Bridgepoint, the private equity firm which owns the ASK and Zizzi restaurant chains. The investment was originally reported by Sky News and has since been confirmed by the company.

Deliveroo has raised just short of $400m (£350) in funding in the past three years. It is facing competition on several fronts, not least from Uber’s entry into the food delivery market with UberEATS. Deliveroo currently operates in 84 cities in 12 countries.

Deliveroo operates from noon to 11pm each day. Customers order via the website or iPhone app from local participating restaurants and the food is delivered by Deliveroo’s team of ‘Roowomen’ and ‘Roomen’. The company is named after the kangaroo, an animal which, it notes, are known to be incredibly protective of their young, just as: “we are equally protective of your dining experience.”