Deliveroo IPO puts London's tech credentials to the test - News Summed Up

Deliveroo IPO puts London's tech credentials to the test


Pandemic surgeDeliveroo has seen demand soar during the pandemic as restaurants were closed for several months of the last year. Its self-employed riders, distinctive in their cyan-and-white uniforms, have often outnumbered other traffic in cities during lockdown. Deliveroo riders are classed as self-employed contractors and earn a fee for every job. Deliveroo said its riders are self-employed because this gives them the freedom to choose when and where to work. Deliveroo, which is battling competitors, such as Uber Eats, Just Eat Takeaway.com, lost £226.4 million in 2020 despite the pandemic boost.


Source: The Edge Markets March 30, 2021 09:33 UTC



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