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UK start-up Deliveroo eats up $100m

News: Funding to be used to continue global expansion.

By James Nunns

UK takeaway delivery start-up Deliveroo has landed $100 million in funding.

The funding comes in its Series D round and comes quickly on the back of the company raising $70 million in Series C in July.

Series D was led by DST Global and Greenoaks Capital, while existing investors Accel, Hummingbird Ventures and Index Ventures also participated.

Founded in 2013, the latest round brings the company’s total founding to around $200 million.

The money is being put to use for expansion purposes, with the company having already expanded to Asia, Australia and the Middle East. It’s services operate in cities such as Hong Kong, Sydney and Dubai as well as others.

In two years the company has expanded its operations to 50 cities in 12 countries, while over 5,000 restaurants currently offer delivery via the service.

The company isn’t alone in the takeaway market, with companies such as Just Eat and Delivery Hero also operating in the space.

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