Rapid grocery delivery now accounts for 11% of Deliveroo revenue

Rapid grocery delivery orders now account for 11% of Deliveroo’s revenue, up from 9% last year.

The company now delivers from 8,000 grocery sites in the UK and more than 10,000 sites in 10 international markets including Europe, the Middle East and Asia.

In 2022, Deliveroo launched grocery delivery with Asda and expanded its partnerships with Waitrose, Sainsbury’s and the Co-op.

It also works with health and beauty giant Boots, delivering its products from 125 stores across the country.

The news comes after Deliveroo reported full-year revenues of £1.97bn in the year to December 31 2022, 13.8% up on the previous year.


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“Our team has delivered in difficult market conditions, with continued growth and share gains in our key markets,” Deliveroo founder and chief executive Will Shu said.

“I’m particularly pleased that the company reached adjusted EBITDA profitability in the second half of last year.

“This is a significant step on our path to sustainable cash generation, and we achieved this milestone a year earlier than our guidance by executing our strategy successfully despite headwinds from the market environment.

“The macroeconomic outlook for the year ahead remains uncertain, but our record in the past 12 months makes me optimistic about our ability to adapt and continue to deliver on our plans to drive profitable growth.”

As well as expanding the choice of grocers that it delivers from, Deliveroo is also “making step changes in the grocery experience.”

Shoppers can now substitute non-available items and see where traders are matching in-store prices.

In addition, merchants are trialling a new picking app designed to “help with productivity at a time when labour is a major headache for grocers.”

DeliveryNews

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