Deliveroo receives $575mn in funding round led by Amazon

By Bruno Reis

The US-based e-commerce giant, Amazon, has led a Series G funding round for the UK’s food delivery service, Deliveroo.

The funding round raised US$575mn for the firm, with other companies such as T. Rowe Price, Fidelity Management and Research Company, and Greenoaks also contributing.

Deliveroo – which operates across 500 towns in 14 markets – has now managed to raise a total of $1.53bn to date.

 “This new investment will help Deliveroo to grow and to offer customers even more choice, tailored to their personal tastes, offer restaurants greater opportunities to grow and expand their businesses, and to create more flexible, well-paid work for riders,” stated Will Shu, Founder and CEO of Deliveroo.

SEE ALSO:

“Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation.”

“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.”

The company will spend the recent investment on growing its engineering team in London, expanding its delivery reach, new innovations, and the development of new products.

“We're impressed with Deliveroo's approach, and their dedication to providing customers with an ever increasing selection of great restaurants along with convenient delivery options,” noted Doug Gurr, Amazon UK Country manager.

“Will and his team have built an innovative technology and service, and we're excited to see what they do next.”

Share

Featured Articles

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy

Sustainability must no longer be an after-thought, but a central component of corporate strategy and the decision-making process at boardroom level

The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital

DHL, AbbVie and Hilton among best places to work in Europe

Human Capital