Deliveroo Acquisition, Valuation, Funding & Investors
Deliveroo was acquired by DoorDash for $3.2B in May 2025, a 1.2x multiple on $2.8B of revenue.
Deliveroo revenue at acquisition
$2.8B
Last twelve months · May 2025
Deliveroo revenue multiple at acquisition
1.2x
EV/Revenue · May 2025
Deliveroo EBITDA multiple at acquisition
18.5x
EV/EBITDA · May 2025
About Deliveroo
Deliveroo is a London-headquartered online food delivery platform that operates across ten countries including the United Kingdom, France, Italy, Singapore, and the United Arab Emirates. The service links consumers with local restaurants, grocers, and pharmacies for rapid deliveries typically within thirty minutes via its mobile app and website. Deliveroo supports real-time order tracking and menu browsing from thousands of partnered establishments. Founded in 2013, the company expanded into quick commerce for groceries and expanded its presence through acquisitions in markets like the Netherlands and Hong Kong.
Founded
2012
HQ
LondonWebsite
Status
Acquired
Customer focus
B2C
Revenue model
Commission
Revenue
$1B (May 2019)
Valuation
$7B (Jan 2021)
Deliveroo Acquisition
Deliveroo was acquired by DoorDash for $3.2B on 6 May 2025.
The acquisition price implies a 1.2x revenue and 18.5x EBITDA multiple on $2.8B of revenue.
Before the acquisition Deliveroo had raised $1.7B across 9 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 6 May 2025 | Strategic M&A | $3.2B | 1.2x | 18.5x |
Deliveroo Valuation
Deliveroo is currently valued at $7B, based on its Series H in January 2021.
The $180M round was led by Durable Capital Partners and Fidelity, with participation from ADM Ventures.
Deliveroo's valuation has grown 70x from $100M at its Series B in January 2015 to $7B in January 2021, across 5 priced rounds.
Deliveroo valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2021 | Series H | $7B | - |
| May 2019 | Series G | $4B | 3.9x |
| Sep 2017 | Series F | $2.4B | 6.5x |
| Aug 2016 | Series E | $1B | 5.8x |
| Jan 2015 | Series B | $100M | - |
Deliveroo Revenue
Deliveroo's latest recorded revenue is $1B, as of its Series G in May 2019. At a $4B valuation, that implies a 3.9x revenue multiple.
Revenue grew from $172M in August 2016 to $1B in May 2019, while the revenue multiple moved from 5.8x to 3.9x.
Deliveroo revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2019 | $1B | $4B | 3.9x | Series G |
| Sep 2017 | $368M | $2.4B | 6.5x | Series F |
| Aug 2016 | $172M | $1B | 5.8x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Deliveroo Funding History
Deliveroo has raised a total of $1.7B across 9 funding rounds.
Deliveroo's first fundraising round was a $5M Series A in June 2014. The most recent completed round was a $180M Series H in January 2021.
Deliveroo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2021 | Series H | Durable Capital Partners (lead); Fidelity (lead); ADM Ventures | $180M | $7B | Deliveroo announced a $180 million Series H funding round in January 2021 from existing investors including Durable Capital Partners and Fidelity, bringing total capital raised to $1.53 billion at that time. For the full fiscal year 2021, Deliveroo reported total revenue of £1,824.4 million, representing 57% growth compared to 2020's £1,163.6 million. This revenue comprised commissions from restaurants and grocers, consumer delivery fees, and limited advertising revenue. The company generated gross profit of £497.3 million in 2021, though it reported a loss before income tax of £298 million for the year. Deliveroo's growth was driven by a 72% increase in orders to 147.7 million and a 64% increase in monthly active consumers. The company operated across the UK, Ireland, and international markets, with UK & Ireland revenue of £980.7 million and Rest of World revenue of £843.7 million in 2021. |
| May 2019 | Series G | Amazon (lead); Greenoaks; Fidelity; T. Rowe Price | $575M | $4B | Deliveroo, an Amazon-backed UK food delivery startup, raised £432 million ($575 million) in its largest funding round in 2019 led by Amazon, with participation from investors including Fidelity, Greenoaks, and T. Rowe Price. This Series H round occurred around May 17, 2019, contributing to the company's total fundraising of £1.2 billion across multiple rounds. The funds supported expansion efforts amid competitive pressures in the food delivery market. For the full year 2019 ending December 31, Deliveroo reported revenue of £771.8 million (approximately $1 billion), marking a 62% year-over-year increase. Gross profit reached £188.6 million ($256 million), improving the gross margin to 24.4% from 19.2% in 2018. However, EBITDA deteriorated to -£290.7 million (-$393 million) from -£241.2 million in 2018, attributed to investments in its delivery subscription program, restaurant onboarding, and an impairment charge of £43 million from exiting Germany. Deliveroo indicated profitability at the operating level for more than six months in 2019, driven by higher order frequency, increased monthly active users, and growth in its paid subscription service priced at £11.49 monthly in the UK. Cost-cutting measures like redundancies also helped manage expenses. The company faced challenges including market exits and pandemic impacts post-2019, eventually going public in 2021 at a £7.6 billion valuation before being acquired by DoorDash in a £2.9 billion deal. |
| Nov 2017 | Series F | T. Rowe Price (lead); General Catalyst; Index Ventures; Fidelity; Accel; DST Global | $98M | - | Deliveroo is a food delivery platform founded in 2013 that connects users with restaurants via an app and a network of bike couriers, enabling orders from outlets without their own delivery services. By 2017, it had expanded internationally while remaining unprofitable amid rapid growth. Deliveroo pioneered features like Deliveroo Plus subscriptions in 2017 and dark kitchens via Editions. The company reported revenue of £277 million for the 12 months ended December 31, 2017, marking a 116% increase from £129 million in 2016, with gross profit rising to £64.3 million and gross margin improving to 23% from less than 1% the prior year. Pre-tax losses widened to £184.7 million from £129.1 million in 2016. Earlier financials show 2016 revenues of approximately £129 million with losses of £129.1 million. Deliveroo was backed by leading venture capitalists and continued raising capital in subsequent years, totaling £1.2 billion across rounds, with a major £432 million round in 2019 led by Amazon. It later went public in 2021 but faced share declines and market exits before achieving profitability in 2024 with £12 million pre-tax profit. |
| Sep 2017 | Series F | Fidelity (lead); T. Rowe Price (lead); General Catalyst; Marco Valta; Index Ventures; H14; Angel Capital Management; Accel; Rancilio Cube Sicaf; DST Global | $385M | $2.4B | Deliveroo, a food delivery startup founded in 2013, operates as an online platform connecting customers with restaurants and riders for rapid food delivery services across multiple markets. In September 2017, the company raised approximately $385 million in a significant VC round led by Fidelity and T. Rowe Price, with participation from investors including Accel, Angel Capital Management, DST Global, General Catalyst, H14, Index Ventures, Marco Valta, and Rancilio Cube Sicaf. This funding came amid rapid expansion and growing market presence in Europe and beyond. For the full year 2017 (12 months ending December 31, 2017), Deliveroo reported revenue of £277 million, marking a 116% increase from £129 million in 2016, driven by higher order volumes and market maturity. The company also achieved a gross profit of £64.3 million, with gross margins improving dramatically to 23% from less than 1% the prior year, indicating operational efficiencies despite ongoing investments in growth. However, it posted a widened pre-tax loss of £184.7 million, up from £129.1 million in 2016, reflecting heavy spending on expansion and customer acquisition. This 2017 round positioned Deliveroo as a key player in the competitive food delivery sector, fending off acquisition rumors from Uber and fueling further international scaling. Subsequent years saw continued revenue growth, but 2017 metrics highlight the high-growth, loss-making phase typical of on-demand delivery platforms at that stage. |
| Aug 2016 | Series E | Bridgepoint Group (lead); DST Global (lead); General Catalyst (lead); Greenoaks; GR Capital; Felix Capital; 14W; Novator; NGP Capital; H14; Entrée Capital; Greyhound Capital | $275M | $1B | Deliveroo, a London-headquartered food delivery startup founded in 2012, enables customers to order food from high-street restaurants via a smartphone app, with delivery by cyclists or drivers; it charges a £2.50 delivery fee and takes a commission from restaurants like PizzaExpress and Dishoom. In 2016, the company rapidly expanded to 84 cities across 12 countries from prior operations, driving significant growth amid hyper-growth phase. It raised $275 million (£210 million) in a Series E funding round in August 2016 from investors including Bridgepoint, DST Global, and General Catalyst, bolstering net assets to £169 million. Deliveroo's revenue for the full year 2016 reached £129 million, up 611% from £18 million in 2015, aligning closely with a June 2016 internal projection of £130 million shared with investors. This growth was fueled primarily by international expansion outside the UK, where revenue increased substantially, though the company reported losses of £129 million for 2016, up 300% year-over-year to £30.1 million in 2015, including a £5.3 million rebranding cost. Gross margin was a slim 0.7%, improved from the prior year but indicative of heavy investment in scaling operations. By late 2016, Deliveroo operated in 120 markets with 120,000 restaurant partners, positioning it as a major UK tech success story in the competitive food delivery sector. Earlier projections highlighted monthly sales over 10 times those from early 2015, when annual revenue approached eight figures, with 25% month-on-month growth since inception and daily orders up tenfold since January 2015. |
| Nov 2015 | Series D | DST Global (lead); Greenoaks (lead); Index Ventures; Hummingbird Ventures; NGP Capital; H14; Accel; Hermes GPE | $100M | - | Deliveroo is an on-demand food delivery service founded in 2013 that brings high-quality restaurant meals to homes and offices through a proprietary technology and logistics platform. The company partners with both independent restaurants and high-quality chain restaurants, including Michelin-starred establishments and well-known chains like Wagamama and GBK. In November 2015, Deliveroo raised $100 million in Series D funding led by DST Global and Greenoaks Capital, with participation from existing investors Accel, Hummingbird Ventures, and Index Ventures. This round brought total funding to approximately $200 million since the company's founding. By the time of the Series D, Deliveroo had expanded rapidly during 2015, growing daily orders tenfold since the start of the year and establishing operations in 50 cities across 12 countries. The company was actively expanding internationally with new launches in Hong Kong, Singapore, Melbourne, Sydney, and Dubai announced alongside the funding round. The platform had over 5,000 restaurants offering delivery services worldwide, and restaurants partnering with Deliveroo reported potential revenue increases of 30% or more through increased kitchen capacity utilization. The company planned to use the new capital for further international expansion with the goal of establishing itself as the number one provider of on-demand high-quality food delivery. |
| Jul 2015 | Series C | Greenoaks (lead); Index Ventures (lead); Hoxton Ventures; Accel | $70M | - | Deliveroo is an on-demand food delivery service launched in 2013 that partners with high-quality restaurants not typically offering delivery, using proprietary technology and logistics for rapid delivery averaging 32 minutes via drivers and cyclists. The platform enables customers to order via website or app from independent and chain restaurants, focusing on hyper-local areas with high population density and quality dining options. Restaurants partnering with Deliveroo report revenue increases of 30% or more by leveraging excess kitchen capacity, with over 2,000 restaurants delivering through the platform at the time, including names like Big Fernand, Boco, and Pizza Chic. On July 27, 2015, Deliveroo raised $70 million in a Series C funding round led by Greenoaks Capital and Index Ventures, with participation from existing investors Accel Partners and Hoxton Ventures. This followed a £16 million raise in January 2015, with daily orders increasing 500% since then. The funds were earmarked for international expansion into Europe, the Middle East, and Asia, alongside investments in marketing and technical platform development. Greenoaks' Benny Peretz joined the board, praising Deliveroo's engineering, data science, and customer-restaurant appeal. Index Ventures' Martin Mignot highlighted the company's rapid growth in London and abroad while maintaining consistent user experience and delivery times, noting it as their third investment in Deliveroo. By late 2015, ahead of a subsequent $100M Series D, Deliveroo operated in 50 cities across 12 countries with over 5,000 partner restaurants worldwide. The company declined to disclose revenues or valuation details for the Series C round. |
| Jan 2015 | Series B | Accel (lead); Index Ventures; Hummingbird Ventures; Hoxton Ventures | $25M | $100M | Deliveroo, founded in London in 2013, operates an online restaurant food delivery platform. In January 2015, the company completed a Series B funding round led by Accel with participation from Index Ventures, Hummingbird Ventures, and Hoxton Ventures, raising $25 million at a post-money valuation of $100 million. At the time of this investment, Deliveroo was providing deliveries for approximately 750 restaurants across its operating markets. The Series B marked the company's second major funding round, following a £2.75 million Series A in June 2014. By 2018, the company had demonstrated significant growth, achieving £210.0 million in revenue with 34.7 million delivery orders, representing 220% year-on-year growth. Deliveroo subsequently raised additional capital through Series C ($70 million in July 2015), Series D ($100 million in November 2015), and Series E ($275 million in August 2016) before going public on the London Stock Exchange in March 2021 at 390 pence per share. |
| Jun 2014 | Series A | Index Ventures (lead); Greg Marsh; Boost Capital Partners; Arnaud Bertrand; Hoxton Ventures; JamJar Investments | $5M | - | Deliveroo is a London-based food delivery platform specializing in premium restaurant take-out, targeting high-quality meals from restaurants that do not traditionally offer delivery services. The company launched with a focus on central London, achieving strong demand from restaurant owners and consumers, with average delivery times under 30 minutes using iPhone-equipped riders called 'Roomen'. Founders William Shu and Greg Orlowski built the initial operation with minimal resources before securing venture funding. On June 26, 2014, Deliveroo closed a £2.75 million Series A funding round led by Index Ventures, with participation from Hoxton Ventures, JamJar Investments, Greg Marsh (founder of onefinestay), and Arnaud Bertrand (founder of HouseTrip). This marked the company's first venture funding. Index Ventures' Martin Mignot joined the board, praising the founders' execution and the timing leveraging smartphone penetration. The new capital supported expansion across the UK and into Europe, strengthening logistics technologies and the delivery platform, including plans for an international office later that year. Deliveroo aimed to sign up more premium restaurants like Carluccio’s and Tommi’s Burgers while competing in the growing online food delivery market against players like Just Eat, FoodPanda, and Delivery Hero. |
Who has invested in Deliveroo?
29 investors have backed Deliveroo across its funding rounds, including Index Ventures, Accel, Fidelity, DST Global, Greenoaks and General Catalyst.
Lead investors include Durable Capital Partners, Fidelity, Amazon, T. Rowe Price, Bridgepoint Group and 5 other investors.
Deliveroo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| London | 6 | Lead | Jun 2014 | |
 Palo Alto, CA | 5 | Lead | Jan 2015 | |
| San Francisco, CA | 4 | Lead | Jul 2015 | |
| Boston, MA | 4 | Lead | Sep 2017 | |
 George Town | 4 | Lead | Nov 2015 | |
| San Francisco, CA | 3 | Lead | Aug 2016 | |
| Baltimore, MD | 3 | Lead | Sep 2017 | |
| London | 3 | Participant | Jun 2014 | |
 Italy | 3 | Participant | Nov 2015 | |
 Brussels | 2 | Participant | Jan 2015 | |
| San Francisco, CA | 2 | Participant | Nov 2015 | |
 Berlin | 1 | Participant | Aug 2016 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Marco Valta |  Zurich | 1 | Participant | Sep 2017 |
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Start Free TrialAcquisitions by Deliveroo
Deliveroo has acquired 2 companies to date.
Last acquisition by Deliveroo was on July 31st 2019. Deliveroo acquired Cultivate for undisclosed valuation.
Latest Acquisitions by Deliveroo
| Description | Cultivate is a San Francisco-based software design and development firm that builds custom applications for enterprise clients. It specializes in user-centric platforms for productivity and collaboration, serving industries including tech and finance since its founding in 2015. | Maple is a New York City-based meal delivery service featuring daily-changing menus crafted by chefs from top restaurants using ingredients from local farms. Available for lunch and dinner delivery to homes and offices, it offers balanced plates priced for everyday consumption. Launched in 2015, Maple operates in Manhattan and Brooklyn, partnering with suppliers for seasonal produce and proteins. The platform simplifies ordering via app for quick access to chef-driven meals. |
| HQ Country | | |
| HQ City | Edinburgh | New York City, NY |
| Deal Date | 31 Jul 2019 | 8 May 2017 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Deliveroo acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Deliveroo
Deliveroo has invested in 1 company to date.
Latest investment by Deliveroo was on December 2nd 2020. Deliveroo invested in Monzo in their $82M Series G round.
Latest Investments by Deliveroo
| Description | Monzo is a London-headquartered digital bank serving customers in the United Kingdom and United States. The app provides current accounts, savings pots, overdrafts, and investment products with instant transaction notifications. Monzo issues Mastercard debit cards and offers joint accounts for shared budgeting. Expanded from prepaid cards in 2016, the bank holds a full UK banking license and operates branches in Cardiff and Manchester. Monzo integrates Open Banking APIs for seamless transfers from Barclays and Lloyds. |
| HQ Country | |
| HQ City | London |
| Deal Date | 2 Dec 2020 |
| Round | Series G |
| Raised | $82M |
| Investors | TED; Kaiser (China) Culture; Novator; Goodwater Capital |
| Valuation | $1.6B |
| EV/Revenue | |
| EV/EBITDA | |
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Deliveroo Competitors
Deliveroo competitors include listed companies like Goto Gojek Tokopedia and People, and private ones like Whop, Flutterwave, KK Group and Paytm Mall.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | $142M | - | $1.6B | 11.3x | |
 Lagos | Private | $95M | - | $3.3B | - | |
 Indonesia | Publicly listed | $1B | ($16M) | $3B | 1.7x | |
 Dongguan | Private | $244M | - | $3B | 12.3x | |
 Noida | Private | $104M | - | $3B | 28.8x | |
| United States | Publicly listed | $2.4B | $122M | $2.8B | 1.6x |
Deliveroo Public Comps
Deliveroo is no longer listed, but its public comps include Seek, Goto Gojek Tokopedia, SMG Swiss Marketplace Group, People, Inchcape, Mercari, Urban Company, Travel+Leisure, Ocado Group and Visional.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $914M | ($63M) | 4.2x | 4.5x | (61.7x) | 10.2x | |||
| $1B | ($16M) | 2.0x | 1.7x | (125.5x) | 13.1x | |||
| $404M | $175M | 8.4x | 7.7x | 19.5x | 13.9x | |||
| $2.4B | $122M | 1.3x | 1.6x | 25.4x | 11.3x | |||
| $12B | $867M | 0.4x | 0.4x | 5.4x | 5.0x | |||
| $1.5B | $282M | 2.4x | 2.4x | 12.7x | 11.7x | |||
| $162M | ($26M) | 14.4x | 12.3x | (90.6x) | (72.0x) | |||
| $4B | $684M | 2.3x | 2.3x | 13.6x | 8.9x | |||
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Common questions about Deliveroo
| When was Deliveroo founded? | Deliveroo was founded in 2012. |
| Where is Deliveroo headquartered? | Deliveroo is headquartered in London, United Kingdom. |
| Is Deliveroo publicly listed? | No, Deliveroo was acquired by DoorDash in May 2025. |
| Who acquired Deliveroo? | Deliveroo was acquired by DoorDash in May 2025. |
| How much was Deliveroo acquired for? | Deliveroo was acquired for $3.2B in May 2025, a 1.2x revenue multiple. |
| What is Deliveroo's valuation? | Deliveroo was last valued at $7B in its Series H in January 2021. |
| How much funding has Deliveroo raised? | Deliveroo has raised $1.7B across 9 funding rounds. |
| What was Deliveroo's last funding round? | Deliveroo's last funding round was a $180M Series H in January 2021, led by Durable Capital Partners and Fidelity. |
| Who are Deliveroo's investors? | Deliveroo's investors include Index Ventures, Accel, Greenoaks, Fidelity, DST Global, General Catalyst, T. Rowe Price, Hoxton Ventures, H14, Hummingbird Ventures and 19 others. |
| What is Deliveroo's revenue? | Deliveroo's latest recorded revenue is $1B (May 2019). |
| What is Deliveroo's revenue multiple? | Deliveroo's latest valuation implies a 3.9x revenue multiple ($4B valuation on $1B of revenue). |
| Which companies are comparable to Deliveroo? | Companies comparable to Deliveroo include Whop, Flutterwave, Goto Gojek Tokopedia, KK Group, Paytm Mall and People. |
| How many companies has Deliveroo acquired? | Deliveroo has acquired 2 companies, including Cultivate and Maple. |
| How many companies has Deliveroo invested in? | Deliveroo has invested in 1 company, including Monzo. |
| What was Deliveroo's last investment? | In December 2020, Deliveroo invested in Monzo's $82M Series G alongside TED, Kaiser (China) Culture, Novator and 1 other investor. |
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