London start up raises £45m in funding round

Deliveroo, a London meal delivery start-up has announced it has raised £45 million following a Series C funding round, led by Greenoaks Capital and Index Ventures.

Deliveroo, a London meal delivery start-up, has announced it has raised £45m following a Series C funding round, led by Greenoaks Capital and Index Ventures.

During an earlier funding round, Deliveroo raised £16 million, but since then daily orders have increased by 500% as the company has now expanded to France, Germany and Ireland.

Deliveroo allows customers to order food from partnering establishments and it is then delivered to their door, even if the restaurant doesn’t have an existing takeaway service.

The company provides the restaurants it collaborates with a tablet device and bluetooth printer in order to begin taking orders. Currently the platform offers customers a choice of over 2,000 different locations.

Deliveroo is currently planning expansion into other European cities, the Middle East and Asia in addition to nvesting in marketing and technical development for its platform.

Under the new funding arrangement, a Greenoaks Capital managing partner will join the Deliveroo board.

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