Deliveroo has hailed a strong quarter with orders and gross transaction value across its platform both up in its first quarter as a listed company.

The takeaway and grocery delivery app said group orders in the first quarter of the financial year were up 114% year on year to 71 million and transactions on its platform were up 130% year-on-year to £1.65bn.

The business also said its monthly active consumer base had grown 91% year on year to 7.1 million on average in the first quarter of the year. 

During the period, both Deliveroo’s UK and international businesses grew and the business flagged that it had reached over 60% of the UK population by the end of the first quarter. 

Deliveroo reported it had also grown the number of restaurants and grocers it worked with across its business to more than 117,000. 

Founder and chief executive Will Shu said: “We are delighted with the Deliveroo Q1 results. Demand has been strong in both the UK and Ireland and international markets driven by record new consumer growth and sustained engagement from our existing consumers. 

“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.”

The results come after a difficult start for Deliveroo to life as a listed business following its IPO on March 31. 

Deliveroo lost over a quarter of its value on the day, despite being billed as the biggest London IPO since Glencore in 2011, as several investors refused to part with their money over issues such as rider working conditions and share voting rights.

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