Deliveroo sees Covid boost as food orders boom

Deliveroo, which listed in London in March 2021, said its guidance for gross profit margin as a percentage of GTV was maintained at 7.5%-7.75%

Deliveroo said its monthly customer base had continued to grow despite the easing of lockdown restrictions. File Picture: Mikael Buck / Deliveroo

Food delivery company Deliveroo said the gross transaction value of orders on its platform rose 36% year-on-year in the fourth quarter, resulting in it hitting the top of its guidance range with a 70% rise for the year.

Food delivery boomed during the Covid pandemic when pubs and restaurants were closed, and the popularity of the platforms has not faded since hospitality reopened.