UK’s Deliveroo Losses Swell to £298M as It Predicts Growth Slowdown

A Deliveroo rider near Victoria station in London on March 31, 2021. Dan Kitwood/Getty Images

Takeaway delivery specialist Deliveroo has revealed that its losses ballooned last year as it pumped more cash into its rapid growth plans.

The company posted a £298 million pre-tax loss for the year, compared with a £213 million loss in 2020, but stressed that it has a long-term plan for profitability.