Uber planning to buy Deliveroo, its international rival, evaluated at $2 billion

Uber is reportedly in into the future talks to obtain Deliveroo, a hot London-based food delivery startup.
Deliveroo v/s Uber Eats has been an international competition over the past years. Uber Eats is the ride-hailing giant’s own food delivery app.
Deliveroo was most recently valued at $2 billion in a funding circular last year.
Uber is in in the future talks to get Deliveroo, a rapid-growing food delivery-startup based in London, according to an auxiliary credit from Bloomberg.

Deliveroo is one of Europe’s biggest startup execution stories: Founded in 2013 by Americans Will Shu and Greg Orlowski, Deliveroo enlists treaty employees as couriers, who rule food from local restaurants in some 200 cities all on the peak of the UK, the European Union, Asia, and Australia.

Last year, Deliveroo raised $482 million in venture funding, in a bargain valuing the company at coarsely $2 billion. According to the Bloomberg relation, Deliveroo would not be impatient in selling for any price that’s not “considerably in the estrange along” than its current valuation.
The startup is then one of the chief international rivals to Uber Eats, the ride-hailing giant’s own food-delivery assistance. Under CEO Dara Khosrowshahi, Uber has redoubled its efforts harshly food delivery ahead of a planned 2019 IPO.

On the subject of IPOs, Deliveroo’s Shu said earlier this year that a debut upon the public markets was not in the cards for his startup. However, rumors have it that Deliveroo has – or, had – IPO ambitions. At the era of its 2017 fundraising, Deliveroo was vivacious at gross margins of 0.7%; a figure that some pundits thought was too little.

We’ve reached out to Uber and Deliveroo for comment and will update if we hear before.