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Index Ventures leads £2.75m Series A for restaurant food delivery site Deliveroo

27 Jun 2014

sushi food restaurantEuropean venture capital major Index Ventures has led a £2.75m Series A round for London-based food delivery business Deliveroo.

Hoxton Venture also took part in the round, which Deliveroo said would go towards strengthening the logistics technology and delivery platform.

Deliveroo allows people to order restaurant-standard meals to their homes, with users currently receiving their food, on average, within half an hour of submitting their order.

Restaurants on the Deliveroo platform include Brindisa, Busaba Eathai, Carluccio’s, Gourmet Burger Kitchen and Tommi’s Burgers.

Index’s Martin Mignot, who joined the Deliveroo board, added: “[Founded William Shu and Greg Orlowski] are absolute machines.

“What they built with virtually no money and a skeleton team is extremely impressive.

“As always, timing is everything when launching a new company – they have been able to leverage smartphone penetration to provide an obvious service and a great experience to consumers, in a way that simply was not cost-effective before.

“Their obsessive focus on the delivery experience, and the unique software they have developed to make it happen at scale, put them in a very strong position to rapidly scale their service across Europe and beyond.”

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