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
Crate and Barrel have recalled 1,500 push walkers due to risk of choking and laceration. Crate and Barrel have recalled Activity Push Walkers as those walkers can be damaged over time exposing sharp points and small parts, posing choking and laceration hazards to small children. The wooden recalled... YouTube is finalizing plans under which it will no longer serve "targeted" advertisements on its main site for videos meant for kids, Bloomberg reported, citing people familiar with the discussion. While the plan is reportedly intended to satisfy U.S. regulators, it could negatively impact the Google-owned video giant's ad sales as kids' content on YouTube is immensely popular. Apple Inc. (AAPL) is in the final stages of certifying advanced flexible Organic Light Emitting Diode or OLED screens from Chinese display maker BOE Technology Group for iPhones next year, the Nikkei Asian Review reported citing source. The U.S. tech giant has been attempting to reduce reliance on Samsung Electronics of South Korea.
Follow RTT