Company: Deliveroo
Loss: £223.7M = $309M
Reason: Transaction Surge of £4.1B = $5.7B
CEO: Will Shu
Future Plans: CEO Will Shu said that we are continuously monitoring the surges and have a backup plan to control the losses.
Also, read Dremio Bags $135M Ventures $1B WiggersVentureBeat To Build Unicorn
Deliveroo was available to the public in April, we are backed by the tech giant Amazon Inc. After the end of 2020, we are still unprofitable with a total cash burn of £223.7M ($309M). We can’t disclose the revenue statement, but our EBITDA is 89% which is more than 69% in 2019. Our idea is not only future tech but also a generational idea.
