Deliveroo – statistics & facts
The fight for consumer reach in the online food delivery market has engaged industry champions, start-ups full of promise, and smaller local players alike. In 2024, UK-based Deliveroo turns eleven, boasting a hard-earned spot in the top five food delivery companies globally. Operating in an industry marked by mergers and acquisitions, chronic unprofitability, and oftentimes unceremonious market exits, Deliveroo managed to ride economic headwinds and come out of cut-throat competition largely unscathed.
In a market overcrowded with a multitude of players, compounded by the added challenge of consumers jumping from one app to another following the best deal, it is no small feat that Deliveroo achieved over seven billion pounds in gross transaction value globally in 2023.
In its pursuit of profitability in the future, Deliveroo is up against big delivery conglomerates like Just Eat Takeaway.com and Uber Eats. As competition remains fierce in the online food delivery arena, bigger players with bigger capital may achieve scale faster, and this may put a dent in Deliveroo’s race to profitability.
Success amid intense industry competition
In 2023, Deliveroo reported over two billion pounds in global revenues, with over forty percent of its revenue stream generated internationally. As of 2023, the company had raised over 1.7 billion U.S. dollars in funding, attracting investment from the likes of Amazon and even competitors like Delivery Hero, a testament to popular success achieved across the ten markets in which it operates.In a market overcrowded with a multitude of players, compounded by the added challenge of consumers jumping from one app to another following the best deal, it is no small feat that Deliveroo achieved over seven billion pounds in gross transaction value globally in 2023.
Popular success, check. What about profitability?
Deliveroo has vied for consumer reach both in the UK and abroad. Between 2018 and 2023, the company increased its number of active monthly consumers more than threefold. However, greater consumer reach will not be enough to appease investor concerns about long-term profitability. The latest financial results offer some optimism on that front: Deliveroo’s operating loss decreased from approximately 294 million British pounds in 2022 to less than 32 million in 2023.In its pursuit of profitability in the future, Deliveroo is up against big delivery conglomerates like Just Eat Takeaway.com and Uber Eats. As competition remains fierce in the online food delivery arena, bigger players with bigger capital may achieve scale faster, and this may put a dent in Deliveroo’s race to profitability.
