Deliveroo’s Irish business records loss of €1 million
Cost of sales and administration vastly outstripped early revenues
The Irish branch of Deliveroo, the food delivery business valued at $800 million, recorded a loss of over €1 million in its first year of operations, filings with the Companies Office show.
The company, Deliveroo Ireland Limited, had revenues of €400,541 from its foundation in February 2015 to the end of that year.
The company allows restaurants which do not normally deliver food to add a delivery service by using its riders. However, the cost of sales...
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