LONDON (AP/BLOOMBERG) — Food delivery company Deliveroo saw its losses rise sharply last year, despite strong growth in order numbers. Thuisbezorgd’s mother’s competitor Just Eat Takeaway has invested more money in marketing and technology. For this year, Deliveroo expects the growth rate to slow significantly. Now that most of the festoons are over, people will be ordering less. Because of high inflation, many people may pay extra attention to spending.
In 2021, the value of all orders placed with the company grew by 70 per cent to £6.6 billion, or just under €7.9 billion. Of all those orders, its Deliveroo turnover was £1.8 billion. Deliveroo expects order value growth this year to be between 15 and 25 percent.
Deliveroo’s operating losses, for items such as depreciation, interest payments and one-time fees, were £131m. In 2020 it was still 11 million pounds. Deliveroo expects to be profitable for the first time in late 2023 or early 2024. In its own words, the company is already in the UK and Ireland, its main markets.