Deliveroo's revenues reported to hit €166m
Published 08/06/2016 | 02:30
Online food delivery service Deliveroo continues to thrive, with revenue reportedly reaching €166m in the past year.
The company operates a delivery service for restaurants who can avail of an online ordering service and self-employed drivers at no extra cost.
Irish investor Dylan Collins, of Hoxton Ventures, has put €22m into the venture since its launch back in 2013.
The company now operates in 12 countries, stretching from the UK and Ireland to Australia and Dubai.
Deliveroo has been in Ireland for just over a year, and already counts over 200 restaurants as clients, with 25pc month-on-month growth reported.
More than 400 jobs have been created in Dublin, Cork, Belfast and Galway. The company recently announced plans to expand the service to Limerick, which will create 30 new jobs in the area.
In addition, a partnership agreement has been reached with Pizza Express - owners of the popular Milano chain - which is due to begin this summer. "We are partnered with a number of large brands already, but the partnership with Pizza Express will be our largest to date, so it's very exciting," said Oliver Dewhurst, Deliveroo's general manager in Ireland.
"Ireland has far exceeded our expectations - the pace at which our service was adopted and has expanded in just 12 months has been an incredibly positive experience.
"Ireland is a real foodie nation and that's evidenced by the sheer breadth and quality of the high-end restaurant offering here," Mr Dewhurst said.
With growth of 25pc month-on-month, the sight of Deliveroo drivers fanning out across the nation's cities could yet become part of the urban landscape.
See Features, p36-37