Online Food Delivery: Doing It Well Is DifficultRupert Hargreaves
At the end of last month, London-based takeaway and online food delivery app Deliveroo posted its results for 2016 reveling sales growth of 600% to £128.6 million. However, as sales exploded so did costs, and losses soared from £30.1 million to £129.1 million.
The company spent tens of millions recruiting new staff, expanding into new markets and marketing in new markets as it fought off competition in its home market from the likes of Just Eat andexclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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