Amazon is leading a $575 million funding round for Deliveroo, taking the total the food delivery firm has raised to date up to $1.53 billion.
is leading a $575 million funding round for Deliveroo, taking the total the food delivery app has raised to date up to $1.53 billion.
Others taking part in the funding round include existing investors T. Rowe Price, Fidelity Management, and Greenoaks. Deliveroo said in a press release Friday that it would use the funding to grow its engineering team in its London headquarters and expand its delivery reach to offer its service to new customers. Will Shu, founder and CEO of Deliveroo, said in the press release that the new investment would offer restaurants new opportunities to grow and expand their businesses.
"Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation," he said. "This is great news for the tech and restaurant sectors, and it will help to create jobs in all of the countries in which we operate."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon close to buying a stake in UK's Deliveroo: Sky NewsAmazon.com Inc is in talks to invest hundreds of millions of pounds in UK food d...
Read more »
Qatar brings first new World Cup stadium to life as FIFA mulls expansionQatar inaugurates its first purpose-built stadium for the 2022 football World Cup, staging a prestigious domestic cup final in the $575 million, 40,000-capacity Al Janoub venue.
Read more »
Uber CEO says he's building the next Amazon, even though growth is slowingLike its rival Lyft, Uber CEO Dara Khosrowshahi said he expects 2019 to be the company's peak year for losses.
Read more »
Inside The World Of Liquidated Amazon MerchandiseWhat happens to unwanted products that are returned to Amazon? There's an unseen world of people ready to buy returned or unsellable inventory, inspect and process it, then ship it right back to be sold on Amazon. That's an opportunity for enterprising individuals—and a headache for brands.
Read more »
Dream job alert: This 'Amazon for millionaires' site will pay you to live on yachtsDream job alert: This 'Amazon for millionaires' site will pay you to live on yachts (via CNBCMakeIt)
Read more »
Amazon holds talks with workers in Poland as strike threatenedAmazon said on Friday it was in talks with employees in Poland after unions thre...
Read more »
The inside story of why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for over $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy.
Read more »
Amazon considers AI-powered doorbell cameras to stop package theftAn Amazon patent application details how doorbell cameras might be used to identify when packages are stolen from doorsteps, and quickly alert neighbors and the police
Read more »
This Huge Pile Of Food Waste Came From An Amazon Go StoreAsked about the trash with its logo on it, Amazon told BuzzFeed News that community partners receiving donated, unsold food may have discarded a heap of its individually-packaged meals and grocery ite
Read more »
Here's why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy.
Read more »