Founded by CEO Will Shu and Greg Orlowski in 2013, Deliveroo is a UK-based rapid online delivery company that partners with restaurants, grocers and fast food outlets to manage and deliver online orders placed using an app to its customers. Orders are tracked and delivered via its network of riders and couriers in 30 minutes or less.
Originating in London, the company now has an expanding ecosystem that spans Europe, Australasia and Asia, linking national and local restaurants and food providers.
As it continues to develop its business model Deliveroo has been increasingly active in the grocery delivery space, working with retailers including Sainsbury’s and the Co-op. For its restaurant partners it has also introduced a click-and-collect option.
Amazon acquired a minority stake in the food delivery platform in May 2019.
Deliveroo made a nearly £300m loss last year but remains adamant that it is making “excellent progress on the path to profitability”.
Deliveroo is set to cut hundreds of jobs globally, as the cost-of-living crisis softens demand for takeaway.
Deliveroo has taken a step towards profitability, having broken even on EBITDA, despite dwindling order numbers across its UK and international businesses.
Deliveroo has cautioned that full-year sales growth will come in at the lower end of expectations as it grapples with “ongoing economic uncertainty”.
Food rapid fulfilment specialist Deliveroo promises ‘a new way to shop’ with the opening this week of the first bricks-and-mortar Deliveroo Hop convenience store.
Advertisement
