Germany’s Delivery Hero takes 5.1% stake in rival Deliveroo
finance.yahoo.comDeliveroo
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Website: deliveroo.co.uk
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Geography: Europe, Middle East, Asia
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Industry: On-demand food delivery
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Investors: General Catalyst, Index Ventures, Amazon
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Status of investment: Current
Deliveroo started out of the need to provide quality and variety of food in an efficient manner. The start-up has become now a familiar sight in London, Paris and other cities, with couriers zipping along streets ferrying customer orders. Though the company began as a restaurant delivery business, it has also been setting up its own stand-alone kitchens, an increasingly popular business model. Deliveroo is recognized as one of the fast-growing companies in Europe