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Deliveroo expands with Series D funding

Deliveroo, the on-demand delivery service for high-quality restaurant meals, has announced its launch in five new cities – Dubai, Hong Kong, Singapore, Melbourne and Sydney.

The company has also raised a $100m Series D investment round led by DST Global and Greenoaks Capital, with participation from existing investors Accel, Hummingbird Ventures and Index Ventures.

The new cities launch off the back of strong growth and a $70m investment for international expansion in July of this year. Since the start of 2015, Deliveroo has grown daily orders tenfold and expanded its service to 50 cities across 12 countries.

The new investment will be used for further international expansion and to establish the company firmly as the number one provider of on-demand high-quality food delivery. Over 5,000 restaurants are currently delivering through the platform worldwide.

Deliveroo launched in 2013 in London to provide the ultimate food delivery experience. Unlike the majority of food delivery businesses that are purely online marketplaces for takeaway restaurants, Deliveroo partners with premium restaurants that don’t typically provide delivery, offering its customers a range of new choices.

Customers quickly and easily order meals, which are delivered by Deliveroo’s team of drivers and cyclists in an average of 30 minutes.

The service is powered by Deliveroo’s proprietary technology and logistics platform. Customers can order food using Deliveroo’s website or mobile app. Restaurants partnering with Deliveroo can utilise their excess kitchen capacity to generate an increase of 30% or more in revenue without their own fleet of drivers and technology infrastructure.

To date, Deliveroo has raised $200m from investors including Accel, DST Global, Greenoaks Capital, Hoxton Ventures, Index Ventures, JamJar Investments and Hummingbird Ventures.

DST Global founder Yuri Milner said: “Will and the Deliveroo team are dedicated to providing a great food delivery experience for their customers, restaurant partners and drivers. We hope this new round will support their continued growth.”