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Deliveroo Clone

It was founded in 2013 in London. It is being operated in the UK, Netherlands,France, Germany, Belgium,Ireland, Spain,Italy, Australia, Singapore, Dubai and Hong Kong. Investors have dispatched $275 Million at a valuation of $800 Million.

Success Factor

InJune 2014 the company raised $2.75 million series A investment from Index ventures and Hoxton ventures. Later on in January 2015, Roofoods Ltd, doing business as Deliveroo, received $25 million in series B funding largely from Index ventures, Hummingbird Ventures and Hoxton ventures at an estimated valuation of $100 million. At this time Deliveroo was providing deliveries for approximately 750 restaurants.

In July 2015, it secured a further $70 million in series C investment from Index ventures and Greenoaks Capital. That was Deliveroo's third funding round in a year. In November 2015, Deliveroo raised $100 Million in Series D Funding. In August 2016, Deliveroo raised a Series E of $275 million from the hedge fund Bridgepoint.

Result

This digital ordering business has raised $40 million by acquiring fund from The Raine Group. Olo also launched dispatch delivery services.