Deliveroo Secures Funding from Durable Capital Partners, Fidelity 7B, and Bradshaw

Deliveroo, the UK-based food delivery company, has recently announced that it has secured $180 million in funding from a group of investors led by Durable Capital Partners, Fidelity 7B, and Bradshaw. This funding round brings the total amount raised by Deliveroo to over $1.5 billion and is expected to help the company expand its operations globally.

What is Deliveroo?

Deliveroo is a food delivery company that was founded in London in 2013. The company operates in over 200 cities across 12 countries, including the UK, Australia, France, and Spain. Deliveroo partners with restaurants and food outlets to offer customers a wide range of food options that can be delivered to their doorstep.

The Importance of the Funding Round

The recent funding round is significant for Deliveroo as it comes at a time when the company is looking to expand its operations globally. The funding will be used to invest in new technology and expand the company’s delivery network. Deliveroo has already started investing in new technology, such as its Editions program, which allows restaurants to set up kitchens in areas where they do not have a physical presence.

The funding will also help Deliveroo to compete with its rivals, such as Uber Eats and Just Eat. These companies have been expanding rapidly in recent years and have been investing heavily in new technology and marketing campaigns. With this new funding, Deliveroo will be able to keep pace with its competitors and continue to grow its market share.

Durable Capital Partners

Durable Capital Partners is a US-based investment firm that was founded by Henry Ellenbogen, who was previously a portfolio manager at T. Rowe Price. The firm focuses on investing in companies that have strong growth potential and a sustainable competitive advantage. Durable Capital Partners has invested in a number of high-growth companies, including Airbnb, SpaceX, and Peloton.

The investment by Durable Capital Partners is a strong endorsement of Deliveroo’s growth potential. The firm’s investment will help Deliveroo to expand its operations in the US, where it currently operates in a limited number of cities. Durable Capital Partners’ experience in investing in high-growth companies will also be valuable to Deliveroo as it looks to continue its rapid expansion.

Fidelity 7B

Fidelity 7B is the private equity arm of Fidelity Investments, one of the largest asset managers in the world. The firm focuses on investing in companies that have strong growth potential and a proven track record of success. Fidelity 7B has invested in a number of high-growth companies, including Airbnb, Uber, and SpaceX.

The investment by Fidelity 7B is a strong endorsement of Deliveroo’s business model and growth potential. The firm’s investment will help Deliveroo to expand its operations globally and continue to innovate in the food delivery space. Fidelity 7B’s experience in investing in high-growth companies will also be valuable to Deliveroo as it looks to continue its rapid expansion.

Bradshaw

Bradshaw is a UK-based investment firm that was founded by Ian Livingstone, the co-founder of Games Workshop. The firm focuses on investing in companies that have strong growth potential and a proven track record of success. Bradshaw has invested in a number of high-growth companies, including Zoopla, Secret Escapes, and Graze.

The investment by Bradshaw is a strong endorsement of Deliveroo’s growth potential in the UK market. The firm’s investment will help Deliveroo to continue to expand its operations in the UK and compete with its rivals. Bradshaw’s experience in investing in high-growth companies will also be valuable to Deliveroo as it looks to continue its rapid expansion.

Conclusion

The recent funding round by Deliveroo is a significant milestone for the company as it looks to expand its operations globally. The investment by Durable Capital Partners, Fidelity 7B, and Bradshaw is a strong endorsement of Deliveroo’s business model and growth potential. The funding will be used to invest in new technology and expand the company’s delivery network, which will help Deliveroo to compete with its rivals and continue to grow its market share. With this new funding, Deliveroo is well-positioned to continue its rapid expansion and become a dominant player in the food delivery space.