Deliveroo targets breakeven in two years

Deliveroo, which competes with Just Eat Takeaway.com and Uber Eats, remained cautious about the short-term outlook, forecasting a slowdown in growth as the economic environment worsens for consumers and its restaurant partners

LONDON: Britain’s Deliveroo set out a path to profitability, saying it would break even in about two years as the proportion of revenue spent on marketing in the competitive food delivery sector falls.

The company, which competes with Just Eat Takeaway.com and Uber Eats, remained cautious about the short-term outlook, forecasting a slowdown in growth as the economic environment worsens for consumers and its restaurant partners.