Deliveroo, a London, UK-based on-demand delivery service for restaurant meals, raised $70m in Series C funding.
The round was led by Greenoaks Capital and Index Ventures, with participation from existing investors Accel and Hoxton Ventures. As part of the investment, Greenoaks Capital’s Benny Peretz joins the board.
The company, which has raised $100m in total, intends to use the funds to accelerate international expansion in Europe, the Middle East and Asia while continuing to rollout in its existing markets. It will invest in all areas of the business including technology, operations and marketing.
Founded in 2013 by William Shu and Greg Orlowski, Deliveroo is a food delivery service that allows customers to use the website or the mobile app to order from a variety of high-quality independent and chain restaurants near them.
The company delivers food from independent restaurants like Trishna and Ollie Dabbous’s Barnyard, chain restaurants including Busaba Eathai, Gourmet Burger Kitchen, MEATLiquor and Wagamama.