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Deliveroo accounts reveal turnover grew by £200m last year

Deliveroo

Deliveroo revealed today that its annual sales rose by £200m last year – the equivalent of an extra £17m on its top line every month.

The growth meant it ended the year with global sales up 72% year-on-year to £476m – just six years after it began delivering food to customers.

Gross profit jumped 42% to £91m following increased order volumes, an enhanced customer offering and continued growth in more mature markets.

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The company has continued to invest heavily in its service as it looks to expand its operations and increase delivery volumes. It launched into Taiwan and Kuwait during the year, and opened in more than 250 new towns and cities.

Other key investments in 2018 included the launch of Marketplace+, which enables restaurants with their own delivery fleet to access customers through Deliveroo, and the doubling of its technology investment to £18m.

In May this year, the firm raised $575m, led by Amazon, which will be used to grow its tech team, develop new innovations in the food delivery sector and increase support for restaurant partners and riders.

It recently launched a Food Procurement service to enable restaurants to purchase cooking ingredients at reduced prices via bespoke deals negotiated by the company.

It currently works with 80,000 restaurants and 60,000 riders globally.

Co-founder and CEO, Will Shu, said: “We’re focused on our mission of becoming the definitive food company, and we’ve continued to invest heavily in expansion, technology and new products to meet this ambition. We are leading the field in innovation in food delivery, helping our restaurant partners to boost their sales and providing more well-paid work for riders.”

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Andrew Seymour

The author Andrew Seymour

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