Deliveroo has begun working with investment bank Goldman Sachs on plans for an initial public offering as it plans to unveil new innovative features to entice investors.

The float is expected to take place next year and would value Deliveroo at around £2bn, according to Sky News. 

Further investment banks are expected to be appointed by the app as it prepares to add 15,000 delivery riders to its fleet by the end of the year in a bid to woo investment.