Online food delivery firm Deliveroo has been crowned the UK’s fastest growing tech company, recording an unprecedented growth rate of 107,117% over the past four years.
That’s the biggest upward trajectory of any top tech business featured on Deloitte’s annual Fast 50 list, now in its 20th year.
Soaring growth
“The achievements of this year’s winner are truly remarkable: Deliveroo is now the fastest-growing technology company in the history of the competition,” said lead partner for the Fast 50 programme David Cobb.
"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.”
Spotting market opportunities
Taking second spot was flower delivery startup Bloom & Wild which notched up growth of 13,818%, while MoveGB – which gives members access to hundreds of different gyms through one membership – rounded up the top three, growing at a rate of 6,053%.
“While much has changed over two decades, many of the characteristics that makes a Fast 50 winner remain,” said Cobb.
"Winners tend to be those that have spotted, and capitalised on, market opportunities for tech-enabled growth in new and existing sectors.”