Deliveroo lands $361 million investment
Restaurant delivery platform, Deliveroo, has raised $361 million which will by used to fund its expansion into new markets and launch its RooBox kitchens.
The US$275 million (A$361 million) Series E investment was led by Bridgepoint, existing investor DST Global, and General Catalyst with participation from existing investor Greenoaks Capital.
Deliveroo launched in the Australian market late last year and competes against the like of Foodora (formerly Suppertime) and UberEats.
“Since launching in Melbourne, Sydney, and Brisbane over the last 10 months, the adoption of Deliveroo in Australia, across all our restaurants and customers, has been nothing short of phenomenal,” said Levi Aron, Australian country manager, Deliveroo.
“Deliveroo continues to strive and bring the latest technological and data driven innovations to the restaurant industry, including our newest rollout called RooBox. This technology, together with all the great people on our teams, has helped drive the increased month-on-month growth, whilst further cementing our position in the Australian market.”
RooBox is a remote kitchen which restaurants can operate out of to deliver (via Deliveroo) to areas outside of their own neighbourhoods.
In Australia Deliveroo currently operates in Melbourne, Sydney and Brisbane and is looking to expand its services further in the coming months.
This latest raise brings the total raised to date to A$623 million (US$475 million) since the business was founded in London in 2013.
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