Food Delivery App Deliveroo Snags Another $70 Million in Funding

Clearly we haven't yet reached peak food delivery startup, because the investors just keep biting: According to TechCrunch, Deliveroo — a UK-based service specializing in "food delivery from premium restaurants that don’t traditionally offer a take-out service" — just scored another $70 million in Series C funding.

Deliveroo, which was founded in 2013, raised $25 million in a Series B round back in January; since then, a press release says, "the business has grown daily orders by 500 percent and partnered with its first Michelin-starred restaurant, Trishna, in London." The fresh influx of cash comes just on the heels of a recent announcement that Deliveroo had expanded its services to Dublin, Paris, and Berlin; the company intends to use the new round of funding to fuel expansion into more European cities, as well as Asia and the Middle East.

To say the food delivery app space is booming would be an understatement: Postmates — which has partnerships with both Chipotle and Starbucks — recently raised another $80 million, bringing its total valuation to nearly half a billion dollars. People are so hopelessly devoted to their favorite food delivery apps that a recent less-than-stellar site redesign by New York-based service Seamless was met with major backlash. Not everyone is ordering in, however: Blue Apron, a company that equips home cooks with recipes and pre-portioned ingredients, is now valued at $2 billion after recently grabbing another $135 million from investors.

from Eater - All http://ift.tt/1KwpUSD
via IFTTT