![]() Read More: Grocery delivery is now Deliveroo’s fastest-growing business segment. The fundraising was led by existing shareholders Durable Capital Partners and Fidelity Management & Research Company. The latest funding round values the food delivery firm at over 7 billion. With the support of a tech-friendly regulatory environment and increasing interest from VCs, these companies will lead the way for the UK on the global stage.” Deliveroo has raised more than 180 million in a new funding round and is set to expand its business globally. “Many of these innovative businesses, like Deliveroo and Bloom & Wild, have been through growth programmes, like ours, specifically designed to provide them with the knowledge networks and management disciplines to help them attract talent, investment and scale. We can expect more record highs as we enter a golden age of technology-based entrepreneurship. UK based food delivery company Deliveroo has raised a further 180m from existing investors, valuing the company at more than 7bn as it heads to a sharemarket float later this year. “Two fundraising announcements in over just two days continues to demonstrate the credibility and robustness of UK Tech, which last year alone attracted a record $15bn in venture capital funding. Online flower delivery company Bloom & Wild also announced it had raised $120m in a series D funding round it plans to use to expand into Europe. Last year, Amazon’s 16% minority shareholding in the food delivery company was approved by the UK Competitive Markets Authority. In December 2020 Shu said that the business was receiving double the orders it did in 2019, saying that it had “demonstrated our model is profitable”. This investment will support the consultancy August. Earlier this month, Deliveroo announced it was expanding to 100 new locations in the UK. BGF has invested 2.3m in business transformation and advanced data science consultancy Optima Partners. On-demand grocery delivery is now its fastest-growing segment. Some have predicted that it could float in April 2021.Īfter an initial downturn while restaurants in the UK closed their doors during the stages of lockdown in March 2020, Deliveroo is one of the businesses that has benefitted from the growth of the online food delivery sector during the Covid-19 pandemic. The London-based startup confirmed for the first time that it has its sites set on a “potential” initial public offering (IPO). We are really pleased our shareholders see the opportunity and growth potential ahead of us.” This investment will help us to continue to innovate, developing new tech tools to support restaurants, to provide riders with more work and to extend choice for customers, bringing them the food they love from more restaurants than ever before. ![]() “At Deliveroo we are always focused on developing the best proposition for consumers, riders and restaurants. ![]() Will Shu, founder and CEO of Deliveroo, said:
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