Since its Series D round in November, Deliveroo has achieved over 400% growth and reached profitability in a number of its established markets.
It has also launched in 29 new cities, added an additional 9,000 new restaurant partners, and created opportunities for 6,500 riders, all while continuing to improve its already strong customer retention rates and maintaining a 30 minute average delivery time.
The company has also hit key milestones such as expanding its service to cover breakfast, express lunch, alcohol and corporate ordering, and striking deals with major partners such as PizzaExpress.
Deliveroo will use the funding to expand into new and existing markets, as well as investing in projects such as RooBox, a pioneering remote kitchen initiative.
RooBox gives restaurants access to delivery-only kitchens in key locations, accelerating geographic expansion.
Will Shu, founder and CEO of Deliveroo, said: “After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery.
“In particular, I’m excited about exploring completely new ways to solve the hardest problems restaurants face when offering delivery.
“RooBox is the first illustration of this approach, and innovations like these are at the heart of our mission.”
The funding was led by Bridgepoint, existing investor DST Global, and General Catalyst with participation from existing investor Greenoaks Capital.
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