{"id":15483,"date":"2016-11-17T02:03:48","date_gmt":"2016-11-17T07:03:48","guid":{"rendered":"https:\/\/digital.hbs.edu\/platform-rctom\/submission\/quality-food-fast-deliveroo-and-the-on-demand-economy\/"},"modified":"2016-11-18T13:01:25","modified_gmt":"2016-11-18T18:01:25","slug":"quality-food-fast-deliveroo-and-the-on-demand-economy","status":"publish","type":"hck-submission","link":"https:\/\/d3.harvard.edu\/platform-rctom\/submission\/quality-food-fast-deliveroo-and-the-on-demand-economy\/","title":{"rendered":"Quality Food, Fast \u2013 Deliveroo and the On Demand Economy"},"content":{"rendered":"
Increased smartphone penetration and smartphone computing power has enhanced how we communicate, changing the way many businesses operate and leading to a new classification of business model named the on demand economy. Here, digital technology enables the real time matching of demand and supply, coordinating an unallocated pool of physical resources to deliver a product or service. This model is particularly disruptive in sectors where mobility is a key part of the task such as transportation (Uber) and food delivery (Deliveroo).<\/p>\n
Headquarted in London, Deliveroo is a fast-growing tech company that markets, sells and efficiently delivers meals from high quality restaurants to homes and offices. The idea came from William Shu who, after moving from New York to London, was so surprised at how difficult it was to get quality food delivered that he subsequently launched the company with his co-founder Greg Orlowski in 2013. Today, Deliveroo hires about 800 people and works with over 16,000 restaurants and over 20,000 delivery riders in over 80 cities across 12 countries in Europe, Asia, Australia and the Middle East [1]. Their rapid growth has led to revenues of over $150M [2], a valuation of over $1BN and total funding of $475M from venture capital firms such as Index Ventures, Hummingbird Ventures, Accel Partners and others\u00a0[3].<\/p>\n