Deliveroo, a popular on-demand restaurant food delivery startup in Europe has just received another round of funding ($275 million). This latest funding is led by their new investor, Bridgepoint, previous investors DST Global and General Catalyst.
They say that the investment will go into developing and growing the service in both new and existing markets. Deliveroo is already live and available in 84 European cities and continue to expand. They also said that they will be continuing to invest in its new initiatives like their new B2B remote kitchen service known as RooBox and they’ve also expanded into alcohol delivery.
In Europe, there is a lot of competition in the food tech and delivery sector and their big rivals include Uber, which has entered the European market with UberEATS.
“After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery,” founder and CEO Will Shu said in a statement. “In particular, I’m excited about exploring completely new ways to solve the hardest problems restaurants face when offering delivery. RooBox is the first illustration of this approach, and innovations like these are at the heart of our mission. We’re proud and honoured to have the support of Bridgepoint, DST Global and General Catalyst in this endeavour.”