Deliveroo sees orders and sales more than double in first quarter

Orders and sales more than doubled at Deliveroo in the first three months of 2021, the delivery firm said in a trading update.

The number of customers using the platform each month also climbed by a record 91% year-on-year to 7.1 million.

The firm, whose shares dived when it listed on the London Stock Exchange last month, said it was unsure how much the growth was due to lockdown.

However, Deliveroo still expects full year sales to rise by 30% to 40%.

Founder and chief executive Will Shu said: "This is our fourth consecutive quarter of accelerating growth, but we are mindful of the uncertain impact of the lifting of Covid-19 restrictions.

"So while we are confident that our value proposition will continue to attract consumers, restaurants, grocers and riders throughout 2021, we are taking a prudent approach to our full year guidance."