Deliveroo, a food delivery company, has announced a further investment of $275 million for expansion both of services and geographically with new investors Bridgepoint and General Catalyst joining existing ones including DST Global and Greenoaks Capital.

In the UAE, Deliveroo launched its operations in December 2015 following its last round of funding that enabled the UK company to expand into the market and others.

Globally, Deliveroo is now witnessing on average growth of 25 per cent month-on-month, the company said.

Since its arrival in the UAE, it has been a great regional success story, emerging as the number one delivery brand in the UAE and signing 400 restaurants to its roster as well as employing 300 riders, it said.

"This latest funding positions Deliveroo strongly for future growth and to retain its leadership in the local market," said Anis Harb, general manager GCC, Deliveroo.

Following the latest investment, the company has launched a new service called ‘Quick Lunch’ that will reduce the delivery time of lunch to their customers. Restaurants signed up to this have lunch options that are quick to prepare and thereby driving down delivery times to 20 minutes from 32 minutes, the company said. - TradeArabia News Service