Times of India reports that the London-based food delivery company, Deliveroo is all set to come to India and is also in the process to hire their country head and of course a team. The team will then take the launch forward.
Deliveroo Will Compete With Leading Brands
With the food delivery companies like Swiggy, Foodpanda India, UberEATS, and Zomato already looking at a profitable 2018 will become the competitors for the about-to-be-launched Deliveroo. Just recently the cab company Ola bought Foodpanda India and is all set to invest $200 million to its business.
Deliveroo on the other hand, is valued at $2 billion after it raised a funding of $385 million last year in September according to a report by Techcrunch. The report further says that the funding was led by the company’s US fund managers T. Rowe Price, and Fidelity and also include the existing investors like DST Global, General Catalyst, Index Ventures, and Accel Partners. The company plans to use the funding for expansion in new countries says the report adding that it already has presence in 14 countries that include Australia, Belgium, France, Germany, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, United Arab Emirates and the United Kingdom.