Singapore

DELIVEROO Singapore's revenue hit S$26.4 million last year, almost 21/2 times its revenue of S$10.9 million the year before, paving the way for it to move from a net liabilities position to a net assets position this year, the firm announced on Friday.

The app-based food delivery service invested S$15 million in its Singapore market last year, fuelling growth in rider- and restaurant-partner numbers.