LONDON :Food delivery company Deliveroo said the value of orders on its platform more than doubled in the first half, with no material impact from the wider reopening of restaurants in its biggest market - Britain - in the second quarter.
"Demand has been high amongst consumers," he said in a statement on Wednesday."We have widened our consumer base, seen people continuing to order frequently and we now work with more food merchants than any other platform in the UK." German rival Delivery Hero took a 5.09per cent stake in Deliveroo last week, driving the British company's share price to its highest since its March listing.
"I think his view was: the stock's undervalued, I'm gonna start buying, and I know the space super well," Shu told Reuters.Deliveroo's shares, which were priced at 390 pence in the initial public offering, were trading down 1.3per cent at 359 pence in early deals.
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