What is the UK’s fastest growing tech company?

Food & Drink | Latest News | National

Deloitte has today announced the winners of the 2017 UK Technology Fast 50 awards.

The awards, now in their twentieth year, recognise and rank the 50 fastest-growing technology companies in the UK, based on the last four years of revenue growth.

Deliveroo has been named the overall winner of the 2017 UK Technology Fast 50 awards.

The London-based online food courier service achieved an average growth rate of 107,117% over the last four years.

In the twenty-year history of the Fast 50, no other company has ever grown at a faster rate. Bloom & Wild (average growth rate of 13,818%) and MoveGB (6,063%) completed the top three.

David Cobb, lead partner for the Deloitte UK Technology Fast 50 programme, comments: “Deliveroo is now the fastest-growing technology company in the history of the competition.

“Their relentless growth has justifiably added them to the exclusive list of UK ‘unicorns’. Everyone wants a slice of the online takeaway business, but very few have found success in the same way that Deliveroo has.”

Since being founded in 2013, Deliveroo has been disrupting the food takeaway industry by bringing restaurants closer to customers. Deliveroo now operates in 150 cities, employing 27,000 riders. They recently raised $385 million in new funding.

Dan Warne, General Manager UK and Ireland, explains Deliveroo’s approach to technology: “We have always had a clear strategy – it has been a food tech company from the start. Technology is very important for us and it allows us to operate more efficiently, which means faster orders for consumers, higher sales for restaurants and more earning potential for riders.

“It’s win-win for everyone. Our logistics algorithm is key, improving all the time to ensure our fantastic offer gets better and better.”

On being competitive, Warne adds: “The UK is an exceptional breeding ground for ambitious technology companies – and so there will always be competitors. Our focus is always on our customers, riders and restaurants, making sure we’re delivering on the things that matter to them. That’s the best way of remaining competitive.”

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