London based on-demand delivery service for restaurants, Deliveroo has secured a Series C funding of $70 million led by Greenoaks Capital and Index Ventures, along with participation from startup’s existing investors- Accel Partners and Hoxton Ventures.
The raised amount will be used for company’s expansion into new markets in Europe, the Middle East and Asia, while continuing to grow in existing markets.
Founded in 2012 by Greg Orlowski and Shu William, Deliveroo allows customers order food from participating restaurants which is then delivered to their door by the startup. Deliveroo gives restaurants a tablet and bluetooth printer, for their online orders. Deliveroo handles the packaging, deliveries, booking, and works with venues to establish their online menu.
In January it raised a Series B funding of $25 million from Accel partners and others. Since its last round of funding in January the business has grown daily orders by 500% and also partnered with its first Michelin-starred restaurant, Trishna, in London, as per a report by Business Insider.
As the company claims, it has over 2,000 restaurants delivering food via its platform including Gourmet Burger Kitchen, MEATLiquor and Wagamama. It also launched its services in France, Germany and Ireland and increased its UK reach to 18 towns and cities.