According to the EITF, Deliveroo reported a narrowed loss of $309 million.
With gross transactions of $5.7 billion in 2020.
The on-demand food delivery company backed by Amazon has released selected updated financials for the previous fiscal year.
Along with its Expected Intention to Float, after revealing last week that it intended to list on the London Stock Exchange.
The company estimates that its three-sided marketplace currently serves 6 million consumers.
With over 115,000 restaurants, takeaways, and grocery stores, as well as 100,000 riders in 800 locations across 12 countries.
In January of this year, the company raised a $180 million funding round from Resilient, Fidelity, and others, valuing it at over $7 billion.
Deliveroo intends to “invest in its long-term proposition by expanding its core marketplace.
Also improving its superior customer experience, providing restaurant and grocery partners.
With unique resources to help them expand their companies, and providing riders with the flexibility and protection they value,” according to the company.
In the end, Deliveroo is still a loss-making company.
It recorded a loss of $309 million in 2020, down from the previous year, when it lost $438 million.
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