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Deliveroo sales surge after expansion

by LLB Reporter
2nd Oct 19 12:02 pm

Deliveroo’s annual sales have surged by a whopping 72% as the company has doubled on their deliveries to towns and cities.

During the year the delivery giant has injected £18m into tech and £10m investment for free insurance for their delivery riders

The business has seen their losses grow to £232m in 2018 from £199, the previous year as they have invested into the company.

Will Shu, Deliveroo co-founder and chief executive officer, said: “Deliveroo is growing from strength to strength and expanding across our markets as more and more people want amazing food delivered straight to their door.

“We’re focused on our mission of becoming the definitive food company, and we’ve continued to invest heavily in expansion, technology and new products to meet this ambition.

“We are leading the field in innovation in food delivery, helping our restaurant partners to boost their sales and providing more well-paid work for riders.”

In the year to December 2018 the expansion has seen sales grow to £476m, compared to £277m in 2017. Profits soared by 42% to £91m due to larger order volumes.

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