Deliveroo

Amazon Deliveroo Investment Landing During Coronavirus Angers Just Eat | Eater London

"Facing what it described as an existential hit from the pandemic, this restaurant delivery platform sought a £461 million minority investment to avoid exiting the market, arguing that without the funding it could be forced to shut down. It reported onboarding some 3,000 new restaurants in the early stages of the crisis, yet its most recent published accounts to December 2018 showed revenues of £476,167,954 and a loss of £232,011,608, reflecting a model that has historically relied on significant investor support to pursue industry disruption. The company argued that alternative funding sources would not have kept it viable through the COVID disruption, a position that influenced the regulator’s provisional decision." - James Hansen