Amazon leads USD 575 mln investment in Deliveroo

Friday 17 May 2019 09:49 CET | News

Deliveroo has announced that it will raise USD 575 million in a funding round led by Amazon, seeking to expand and develop new products, according to Financial Times.

The latest financing round includes existing investors T Rowe Price, Fidelity, and Greenoaks, taking the total amount Deliveroo has raised to USD 1.53 billion. The company would use the new funds to invest in its technology team and to build new products.

The fundraising comes after Uber was reported as a potential acquirer of Deliveroo in 2018.

Amazon operates its own food service, called Amazon Restaurants, that offers one-hour restaurant delivery for paying customers of its Prime subscription service in some US cities. The company discontinued the service in the UK.

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Keywords: Amazon, ecommerce, Deliveroo, T Rowe Price, Fidelity, Greenoaks
Countries: World

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