logo
Plus   Neg
Share
Email

Amazon Leads $575 Mln Investment In UK Food-Delivery Startup Deliveroo

British online food delivery company Deliveroo raised $575 million in a recent funding round, led by the e-commerce giant Amazon.com Inc. (AMZN).

Deliveroo said that Amazon is leading a new $575 million Series G preferred shared funding round, alongside existing investors T. Rowe Price, Fidelity Management and Research Company, and Greenoaks. This takes the total Deliveroo has raised to date to $1.53 billion.

The new investment will contribute to Growing Deliveroo's engineering team based in its London headquarters, creating more jobs and building on London's growing reputation as a tech hub; expanding Deliveroo's delivery reach in order to continue offering its service to new customers, Deliveroo said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Swiss food giant Nestle SA said it is committed to achieving zero net greenhouse gas emissions by 2050, noting that climate change is one of the biggest threats faced by the world. As part of its efforts to achieve the goal, Nestle said it will launch more plant-based food and beverage options that are more environment friendly. Coffee giant Starbucks Corp. is set to open the world's largest Starbucks Reserve Roastery on November 15 on Chicago's Magnificent Mile. It will open in an interactive four-storey glass-clad building in 43,000 square feet space, employing about 200 people. The site at the corner of North Michigan Avenue and Erie Street was previously occupied by Crate & Barrel. United Parcel Service Inc. agreed to pay $8.4 million to the United States to settle allegations that it overcharged federal agencies for package delivery services, the U.S. Justice Department said. Under a General Services Administration or GSA contract, UPS was required to provide GSA with certain lower prices for its services.
Follow RTT