#Asia UK-based Deliveroo grabs US$100M to expand to Asia, Middle East

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The European on-demand food delivery startup plans to expand to Hong Kong, Singapore, Melbourne and Dubai

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London-headquartered on-demand food delivery startup Deliveroo has secured US$100 million in Series C round of funding led by DST Global and Greenoaks Capital, according to a TechCrunch report.

The round also saw participation from existing investors, including Accel Partners, Hummingbird Ventures and Index Ventures.

Deliveroo will use the proceedings from the current round to expand operations into Hong Kong, Singapore, Melbourne, Sydney and Dubai.

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The latest round brings Deliveroo’s total funds raised till date to US$200 million.

In July this year, the foodtech venture had raised US$70 million in Series B from Greenoaks and Index Ventures, Accel and Hoxton Ventures.

Started in 2013, Deliveroo is a technology company focused on marketing, selling and delivering restaurant meals to the household or office. Its platform optimises food ordering and delivery by integrating web and mobile consumers with restaurants’ tablet-based point-of-sale order management terminals and its logistics optimisation algorithm via a delivery driver smartphone software.

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Currently, Deliveroo has operations in 50 cities across 12 countries. As per the TechCrunch report, the firm has partnered with 5,000 restaurants worldwide.

Image Credit: Shutterstock

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