Deliveroo delivers for investors as revenues reach £130m

Meal delivery service Deliveroo has posted a rise in revenue to £130m this year on the back of an ever increasing share of the population ordering fast food online.

On an annualised basis this represents growth of a startling 1,000 per cent, justifying a rapid roll-out to 65 cities, taking a £2.50 cut for every meal it delivers.

Deliveroo’s business model sees it pay self-employed cyclists and drivers to deliver food from major restaurant chains such as Pizza Express and Gourmet Burger Kitchen direct to people’s doors, with customers simply using a website or smartphone app to select their desired meal.

A Deliveroo spokesman said: “We’ve had a 25 per cent month-on-month growth since inception, while our daily orders have grown tenfold since January 2015.

Founded in 2013 by William Shu Deliveroo currently has a market valuation of around $600m.

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