Mumbai: The exuberance in the online fooddelivery sector is starting to resemble the go-go days of 2015. The latest to join the so-called food tech bandwagon is Deliveroo, the UK startup valued at $2 billion and which is preparing to launch locally next year, sources close to the matter said.
One of the best funded European startups, Deliveroo is in the process of hiring a country head along with setting up a full-fledged team in India, two people aware of the development said. Backed by Fidelity and T Rowe Price, among others, a bunch of other investors will compete with local players like Swiggy and Zomato as well as the relatively new entrant UberEats. Uber's local rival Ola also re-entered the crowded category by acquiring Foodpanda from Delivery Hero just recentlynkedin
One of the best funded European startups, Deliveroo is in the process of hiring a country head along with setting up a full-fledged team in India, two people aware of the development said. Backed by Fidelity and T Rowe Price, among others, a bunch of other investors will compete with local players like Swiggy and Zomato as well as the relatively new entrant UberEats. Uber's local rival Ola also re-entered the crowded category by acquiring Foodpanda from Delivery Hero just recentlynkedin
Mumbai: The exuberance in the online fooddelivery sector is starting to resemble the go-go days of 2015. The latest to join the so-called food tech bandwagon is Deliveroo, the UK startup valued at $2 billion and which is preparing to launch locally next year, sources close to the matter said.
One of the best funded European startups, Deliveroo is in the process of hiring a country head along with setting up a full-fledged team in India, two people aware of the development said. Backed by Fidelity and T Rowe Price, among others, a bunch of other investors will compete with local players like Swiggy and Zomato as well as the relatively new entrant UberEats. Uber's local rival Ola also re-entered the crowded category by acquiring Foodpanda from Delivery Hero just recently.
An email sent to Deliveroo did not elicit a response till the time of going to press.
A person aware of the development said, "They are in the midst of getting on board a person who will spearhead the launch in India along with building a team. After securing new funding, expanding into new geographies was on the cards for them."
Founded in 2013 by former investment banker Will Shu, the London-headquartered Deliveroo operates in 140 cities across 13 countries in Asia-Pacific, Europe and the Middle East. Greg Orlowski, the other founder of the food-delivery startup, had quit in 2016 to go back to his home country
One of the best funded European startups, Deliveroo is in the process of hiring a country head along with setting up a full-fledged team in India, two people aware of the development said. Backed by Fidelity and T Rowe Price, among others, a bunch of other investors will compete with local players like Swiggy and Zomato as well as the relatively new entrant UberEats. Uber's local rival Ola also re-entered the crowded category by acquiring Foodpanda from Delivery Hero just recently.
An email sent to Deliveroo did not elicit a response till the time of going to press.
A person aware of the development said, "They are in the midst of getting on board a person who will spearhead the launch in India along with building a team. After securing new funding, expanding into new geographies was on the cards for them."
Founded in 2013 by former investment banker Will Shu, the London-headquartered Deliveroo operates in 140 cities across 13 countries in Asia-Pacific, Europe and the Middle East. Greg Orlowski, the other founder of the food-delivery startup, had quit in 2016 to go back to his home country
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