Deliveroo Raises Capital to Drive Innovation in Global Food Delivery

SINGAPORE - Media OutReach - August 8, 2016 - Deliveroo, the global on-demand food delivery service, today announces a US$275 million Series E investment, led by Bridgepoint, existing investor DST Global, and General Catalyst with participation from existing investor Greenoaks Capital.

Since its Series D round in November, Deliveroo has achieved over 400% growth and reached profitability in a number of its established markets. It has also launched in 29 new cities, added an additional 9,000 new restaurant partners, and created opportunities for 6,500 riders, all while continuing to improve its already strong customer retention rates and maintaining a 30 minute average delivery time.

The company has also hit key milestones such as expanding its service to cover breakfast, express lunch, alcohol and corporate ordering, and striking deals with major partners such as PizzaExpress.

The new funds will be used to expand the service in both new and existing markets, as well as provide further investment in projects such as RooBox, a pioneering remote kitchen initiative. RooBox gives restaurants access to delivery-only kitchens in key locations, accelerating geographic expansion.

The company, which was founded in 2013 by Will Shu and Greg Orlowski, seeks to change the way the world thinks about food delivery. Deliveroo works with world-class brands and great independent restaurants to provide customers with the best possible food delivery experience. Deliveroo is headquartered in London and operates in 84 cities across 12 countries.

Will Shu, Founder and CEO of Deliveroo, said:

"After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery. 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."

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About Deliveroo

Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with over 16,000 best-loved restaurants, as well as over 20,000 riders to provide the best food delivery experience in the world.  Deliveroo is headquartered in London, with more than 800 employees in offices around the globe.

Deliveroo operates in over 84 cities across 12 countries, including Australia, Belgium, France, Germany, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, United Arab Emirates and the United Kingdom.

About Bridgepoint

Bridgepoint is an international private equity group which typically invests in high-growth businesses across Europe, from a network of offices in Frankfurt, Istanbul, London, Madrid, Paris, Stockholm, Warsaw and Shanghai. In 2015, it acquired Italian-themed casual dining group Azzurri whose brands include ASK Italian, Zizzi and Coco di Mama.

About DST Global

Founded in 2009 by Yuri Milner, DST Global is one of the leading investment groups globally to focus exclusively on Internet related companies. DST Global's portfolio includes some of the world's leading and most valuable Internet assets.

About Greenoaks Capital

Greenoaks Capital makes long-term concentrated investments in fast-growing internet businesses globally. Greenoaks Capital investments include Coupang in South Korea, Oyo Rooms and Flipkart in India, and Maple in the United States.

About General Catalyst Partners

General Catalyst Partners is a venture capital firm that makes early-stage and transformational investments. The firm backs exceptional entrepreneurs who are building innovative technology companies and market leading businesses, including Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto (fka ZenPayroll), The Honest Company, HubSpot, KAYAK, Oscar, Snapchat, Stripe, and Warby Parker. The General Catalyst partnership leverages its broad experience to help founders build market-leading businesses. General Catalyst has offices in Cambridge, MA, Palo Alto, CA and New York City.