Home Business NewsBusiness London-based food delivery app Deliveroo just raised $100m

London-based food delivery app Deliveroo just raised $100m

by LLB Editor
24th Nov 15 10:39 am

London-based food delivery app Deliveroo has just raised $100m in a series D funding.

The round was led by investment firm DST Global and Greenoaks Capital with existing investors Accel, Hummingbird Ventures and Index Ventures, also participating.

Launched in 2013, Deliveroo works with over 2,000 restaurants that don’t offer takeways.

In the summer, the app raised a cool $70m to expand in Dubai, Singapore, Hong Kong and Sydney.

The app has raised $200m since its launch in four rounds of investments.

William Shu, co-founder and chief executive of Deliveroo, said: “We’ve experienced extraordinary demand for our service as consumers want high-quality food delivered quickly and restaurants seek a new significant source of revenue.

“It’s been phenomenal to see the business quickly expand from London to European capitals and some of the most exciting cities in Asia Pacific and the Middle East.”

 

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