Takeaway app Deliveroo raises $275m

Company is now valued at over $1 billion, according to sources

5th August, 2016
The company launched an alcohol delivery service in Ireland last month Pic: Rex

Makers of takeaway delivery app Deliveroo announced today that they have raised $275 million to fuel growth and take on well-funded competitors.

The deal values Deliveroo, based in London, at more than $1 billion, according to a person familiar with term sheet who asked not to be named as the deal is private. The same figure is also being reported by TechCrunch and Sky News.

The cash infusion is on top of another roughly $200 million Deliveroo...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

EY reports €393m revenues in Republic of Ireland for 2021 financial year

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years