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...

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