By George Nott2021-01-19T14:55:00+00:00
It’s been on the menu for years, but on the weekend Deliveroo confirmed a “potential Initial Public Offering” of the company for the first time. With a float this year pretty much certain, the question becomes: what does Deliveroo do next?
After a rollercoaster 2020 – which started with lay-offs, a Competition & Markets Authority investigation and the admission the company would “fail financially” without Amazon’s support, but ended with 36 grocery partnerships and its ambition to double its rider count from 25,000 to more than 50,000 realised – Deliveroo has begun 2021 bullishly.
Earlier this month it revealed plans to expand its service into 100 new towns and cities in the UK this year, and extend the reach in the 150 towns already served. This will give four million more Brits the ability to access food on its platform.