London Daily

Focus on the big picture.
Saturday, Mar 14, 2026

Deliveroo picks Goldman to steer restaurant app to London float

Deliveroo picks Goldman to steer restaurant app to London float

The food delivery app is unveiling new services as it picks bankers to work on a public listing, Sky News learns.
Deliveroo has appointed investment bankers to oversee a long-awaited flotation as it unveils a blizzard of innovative features that it hopes will provide a compelling growth story for public market investors.

Sky News has learnt that the food delivery app, which last week said it was preparing to add 15,000 riders to its fleet by the end of year, has begun working with Goldman Sachs on its plans for an initial public offering (IPO).

A float is expected to take place in London next year, and is likely to value the company at more than £2bn, according to insiders.

Deliveroo declined to comment on Goldman's appointment, and sources close to the company insisted this weekend that there was no definitive timetable for a public listing.

Further banks are expected to be appointed in the coming months.

The company, which was launched by chief executive Will Shu in 2013, has seen a surge in sales as customers have turned to food delivery services during the coronavirus crisis.

However, the ongoing costs of its investment in technology led it to warn this year that a refusal by competition regulators to sanction a big investment from Amazon could undermine its chances of survival.

The decision by watchdogs to approve the Amazon stake as part of a $575m fundraising has prompted Deliveroo to turn its attention towards further innovation in the fight against rivals Uber Eats and Just Eat Takeaway.com.

Sources said that Deliveroo now had 44,000 restaurants on its platform in the UK, as well as 16 on-demand convenience and grocery partnerships with the likes of Waitrose, Morrison's, Aldi and the Co-Op.

In total, those partnerships cover 1,000 new stores on the Deliveroo app.

The company is now preparing to launch a series of other features aimed at strengthening Deliveroo's appeal to customers, restaurants and riders.

These will include post-order tipping - allowing customers to reward riders after their delivery has arrived - in the UK and a number of other market.

Deliveroo also plans to offer a group-ordering function in its app which enables customers to share a single 'basket' among several users without the need to pass a mobile phone between different people.

Sources said this was likely to benefit restaurants through larger orders from multiple people in the same household or office.

The company is also expected to announce the launch of a service called Brought to you by Deliveroo, which will allow customers to order food from restaurants' websites, but with the tech company fulfilling the orders' delivery.

It is said to be the first time that a delivery platform will have offered such a service in Europe and Asia, and is being tested with chains including Nando's.

Stephen Goldstein, Executive Vice President of Restaurants said: "These upgrades to our service will help restaurants reach as many consumers as possible while substantially improving the already market-leading Deliveroo customer experience - families, students and other groups can now easily and safely order together.

"These changes are particularly important given the current backdrop and are in addition to other support measures we have developed to help all restaurants, particularly small, independents that are the lifeblood of the industry and the high street."

During the summer, Deliveroo ended a nine-month search for a permanent finance chief by appointing Adam Miller, a former executive at the travel group Expedia, to the role - a move which stoked speculation about its IPO preparations.

Other new services launched this year have included a direct tipping function to boost local restaurant operators during a period when tens of thousands of restaurant jobs are disappearing.

Among the groups to have called in administrators since the coronavirus outbreak in March are Carluccio's, Casual Dining Group, the owner of Café Rouge and Las Iguanas, and Azzurri Group, the owner of ASK Italian.

Hospitality industry chiefs have warned that hundreds of thousands more job losses are inevitable without further government support.
Newsletter

Related Articles

0:00
0:00
Close
Middle East War Highlights Strategic Importance of Strong UK–Ireland Cooperation
Weak Growth Signals UK Economy Was Faltering Even Before Middle East Energy Shock
Marks & Spencer Tops UK Fashion Retail Rankings as Most Considered Brand
United States Launches Trade Investigation Into Allies Over Forced Labour Practices
United States Launches Trade Investigation Into Allies Over Forced Labour Practices
Russia Accuses Britain Over Storm Shadow Strike as London Reaffirms Ukraine’s Right to Self-Defence
Russia Accuses Britain Over Storm Shadow Strike as London Reaffirms Ukraine’s Right to Self-Defence
Royal Navy to Acquire Twenty Uncrewed Surface Vessels for Autonomous Warfare Testing
Russia Summons British and French Envoys After Ukrainian Storm Shadow Strike on Strategic Facility
Starmer Confirms Britain Will Maintain Sanctions on Russia Despite U.S. Policy Shift
UK Moves to Refine AI Definition in Investment Security Reform
UK Economy Stalls in January as Growth Unexpectedly Falls to Zero
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Tesla Secures Approval to Supply Electricity Directly to Homes Across Britain
Prince William Delivers Tribute to Australia’s Naval Alliance Amid Renewed Royal Spotlight on the Country
UK Foreign Secretary Travels to Saudi Arabia to Reinforce Support for Regional Allies
Putin’s ‘Hidden Hand’ May Be Assisting Iran in Conflict With Trump, UK Defence Secretary Warns
UK Sets April Deadline for Tech Platforms to Strengthen Online Protections for Children
Elon Musk Moves Into Britain’s Energy Market as Tesla Wins Licence to Supply Power
UK Watchdog Warns Fuel Retailers Against Profiteering Amid Iran War Price Surge
Report Claims Iran Used UK Charity Network to Expand Influence
United States and United Kingdom Establish Joint Standards for Counter-Drone Technology
Iran May Be Laying Naval Mines in Strait of Hormuz, UK Warns Amid Escalating Gulf Tensions
US Deploys Bunker-Buster Bombs to UK Airbase as Iran Conflict Intensifies
British Troops in Iraq Intercept Iranian Drones Targeting Coalition Base
Release of Mandelson Files Raises Tensions as UK Seeks Stable Relations With Donald Trump
UK Documents Reveal Starmer Was Warned About Mandelson’s Epstein Links Before Ambassador Appointment
Nearly Five Hundred UK Mortgage Deals Withdrawn in Two Days as Market Volatility Forces Lenders to Reprice
Three Cargo Ships Hit Near Iran as Attacks Spread to Strategic Strait of Hormuz
Why British Police Repeatedly Declined to Investigate Jeffrey Epstein’s UK Links
UK Parliament Ends Hereditary Seats in House of Lords, Closing Chapter on Centuries of Aristocratic Lawmaking
EU and UK Urge Israel to Act Against Rising West Bank Settler Violence Amid Regional Tensions
US Senator John Kennedy Says Keir Starmer Should Not Be Trusted for Military Advice Amid Iran War Debate
UK High Court Rejects Attempt to Revive Terrorism Charge Against Kneecap Rapper
Revolut Secures Full UK Banking Licence After Multi-Year Regulatory Wait
Kentucky’s Bench Boost Powers Wildcats Past LSU in SEC Tournament Opener
British Couple Die After Being Pulled From Water at Australian Beach During Family Visit
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
British Airways Suspends UK Repatriation Flights as Middle East Travel Disruption Deepens
US Forces Prepare Ordnance at RAF Fairford as Strategic Bombers Deploy for Middle East Operations
Nigel Farage Faces Criticism After Saying Britain Should Stay Out of Iran War
Landmark UK Trial Begins Over Sony’s PlayStation Store Pricing
UK High Court Rejects Bid to Challenge Britain’s Chagos Islands Agreement With Mauritius
Finnish Duo Triumphs in England’s Annual Wife-Carrying Race, Winning a Barrel of Ale
How U.S. and UK National Security Strategies Are Reshaping the Global Business Landscape
Green Party Gains Momentum as Labour Shifts Toward the Political Centre
Royal Navy Destroyer HMS Dragon Sets Sail for Eastern Mediterranean as Regional Tensions Rise
UK Homebuilder Persimmon Warns Iran Conflict Could Dent Property Buyer Confidence
Roman Abramovich Signals Legal Fight if UK Seeks to Seize Chelsea Sale Funds
×