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 is set to price its imminent float at the bottom of the range due to investor concerns over the pay and working conditions of its riders.
After Deliveroo revealed it would be making £50m worth of shares available to customers, could consumers become important investors in retailers?
In The Style has launched on the London Stock Exchange’s junior AIM market today as Deliveroo unveiled further details of its upcoming IPO.
Food delivery app Deliveroo has confirmed its intention to float on the London Stock Exchange after weeks of speculation.
As Deliveroo announces its intention to float, Retail Week looks at the growing area of grocery on-demand and which of the big supermarkets are likely to win share in this burgeoning part of the market.
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