Food delivery app company Deliveroo raised $275 million in funding, as it looks to fuel growth in the face of increased competition in the sector.

Deliveroo, which already operates in 84 cities across 12 countries, is facing increasing competition in Europe from Just Eat, a UK-based delivery company, while taxi application Uber also recently expanded into the sector.

It will use the funding to expand into new markets, while also investing in RooBox, a business that gives restaurants additional facilities to fulfil takeover orders, reported Financial Times.

In November, the company raised $100 million in its last funding round, and expanded into five new markets, including Singapore and Hong Kong.

“After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery,” said William Shu, founder and CEO at Deliveroo, in a statement.

Its fifth round of funding means the company has raised more than $472 million in total, and gives it a valuation of more than $1 billion, according to several media reports.

Private equity group Bridgepoint led the funding round, with involvement from existing investors DST Global and Greenoaks Capital, while US VC firm General Catalyst Partners was also involved, added FT.