London Daily

Focus on the big picture.
Thursday, Feb 26, 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
So, what's happened is, I think, government policy, not just under Labour, but under the Conservatives as well, has driven a lot of small landlords out of business.
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
From fears of AI-fuelled unemployment to Big Tech's record investment, this is AI Weekly.
Apple just dropped iOS 26.4.
US Lawmakers Seek Briefing from UK Over Reported Encryption Order Directed at Apple
UK Business Secretary Calls on EU to Remove Trade Barriers Hindering Growth
Legal Pathways for Removing Prince Andrew from Britain’s Line of Succession Examined
PM Netanyahu welcome India PM Narendra Modi to Israel
Shadow Diplomacy: How Harry and Meghan’s Jordan Trip Undermines the Monarchy
Sir Jim Ratcliffe, co-owner of Manchester United, comments on immigration in the UK.
Bill Gates, the UN and the WEF are attempting to construct "a giant digital gulag for all of humanity" via digital ID, CBDCs and vaccine passport infrastructure.
Britain’s Channel Crisis: Paying Billions While the Boats Keep Coming
Downing Street’s Veteran Deception Scandal
UK HealthCare Expands ‘Food as Health’ Initiative Statewide to Tackle Chronic Illness in Kentucky
Leonardo Chief Says UK Set to Decide on New Medium Helicopter Programme
UK Slows Chagos Islands Agreement After Concerns Raised in Washington
European and UK Stock Markets Reach Fresh Highs as Banks and Miners Lead Rally
UK Government Insists Chagos Islands Negotiations Continue After Minister’s ‘Pause’ Remark
No Confirmed Deal for Engie to Acquire UK Power Networks Amid Market Speculation
UK Reaffirms Updated Entry Requirements for Travellers as of February 25, 2026
General Atlantic to sell equity stake in ByteDance, valuing the company at $550 billion
German Chancellor Friedrich Merz Secures Pledge from China for Greater Imports of Quality Goods
Lord Mandelson Condemns Arrest as Driven by ‘Baseless Suggestion’ He Would Flee Abroad
Former UK Ambassador Released on Bail Following Arrest in Epstein-Linked Investigation
UK Parliament Orders Release of Former Prince Andrew’s Government Vetting Files
Reddit Fined £14 Million by UK Regulator Over Failures in Age Verification Controls
UK Moves to Tighten Regulation of Netflix, Disney+ and Prime Video Under New Media Rules
British Woman Who Reported Rape in Hong Kong Faces Possible Prosecution
'Christianity is the religion that has made this country great.'
Man Receives Parking Ticket 38 Years After Offense: ‘City Officials Said It’s Legitimate’
Woman Receives Gift Card for Christmas – Discovers It Is ‘Worth’ 63,000,000,000,000,000 Pounds
UK Sanctions New Zealand Insurer Maritime Mutual Following Allegations Over Russian Oil Cover
Reform MP Danny Kruger Condemns UK’s ‘Unregulated Sexual Economy’ in Call for Tougher Controls
The Show Must Go On: Prince William and Kate Middleton Shine at the BAFTAs Amid Andrew’s Arrest
UK Sanctions Russian ‘Illicit Oil Traders’ After Email Blunder Exposes Sanctions Evasion Network
Russia Amplifies Baseless Claims That UK and France Plan to Arm Ukraine with Nuclear Weapons
UK Imposes Sanctions on Two Georgian Television Channels Over Alleged Russian Disinformation
United States National Parks See Noticeable Drop in Visitors from Canada, U.K. and Australia
UK, Australia, Canada and New Zealand Escalate Sanctions on Russia as Ukraine War Marks Four Years
I Gave Andrew a Nude Massage Inside Buckingham Palace
UK Economy Faces Acute Strain as Trump’s Global Tariff Reshapes Trade Landscape
UK Signals Retaliation Is Possible as New US Tariff Policy Threatens Trade Stability
British Police Arrest Former Ambassador Peter Mandelson in Epstein-Related Misconduct Probe
Australia Officially Supports Proposal to Remove Andrew Mountbatten-Windsor from Royal Succession
Victorian Premier Jacinta Allan remains silent on ISIS brides' resettlement plans in Melbourne
Former UK Ambassador Peter Mandelson Arrested in Connection with Jeffrey Epstein
Jacob Rees Mogg afraid to talk about Peter Mandelson arrest on “suspicion of misconduct in a public office” (Pedophilia, corruption, etc.)
United Nations Calls for Global Action Against Disinformation and Hate Speech Online
Tucker Carlson warns of an inevitable clash in Western societies over mass migration
×