Deliveroo, the London-based food delivery network, is finalising its fourth capital-raising since the start of last year.
According to Sky News, the Will Shu-led group is in talks about a fresh round of funding which could take it beyond the $1bn threshold coveted by start-ups.
If the new capital takes its value to $1bn (£770m) or more, it would make the company one of a select band of ‘unicorns’, the label applied to tech start-ups which achieve that valuation.
The company, which was founded just three years ago, has already raised nearly $200m (£150m) since the start of last year.
Deliveroo has more than 2,500 outlets signed up to its service in London and is set to launch into a further 25 UK markets in Q3.
It recently began a trial with Bill’s, the Richard Caring-backed chain; initiated a delivery rollout across Jamie’s Italian; rolled out its delivery offer across BrewDog bars nationwide after a successful trial in London; and began a trial with Majestic, the UK’s largest specialist retailer of wine.
