Amazon invests in Deliveroo

Deliveroo today announces that Amazon is leading a new $575 Mill Series G preferred shared funding round, alongside existing investors T. Rowe Price, Fidelity Management and Research Company, and Greenoaks. This takes the total money raised by Deliveroo to date to $1.53Bn.

“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,” said 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.”

Deliveroo is a delivery service founded in 2013 by William Shu and Greg Orlowski, that currently works with over 80,000 best-loved restaurants and takeaways, as well as 60,000 riders to provide the best food delivery experience.
Deliveroo is headquartered in London, with 2,500 employees in offices around the globe.

To date the company operates in over 500 towns and cities across 14 markets, including Australia, Belgium, France, Germany, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, Taiwan, United Arab Emirates, Kuwait and the United Kingdom.

This new investment will be completed in the coming months, subject to customary regulatory approvals.

Deliveroo will invest the over $500 Mill raised in…

The company explains that the new investment will contribute to: a) growing Deliveroo’s engineering team based in its London headquarters; b) creating more high-skilled jobs and building on London’s growing reputation as a tech hub; c) expanding Deliveroo’s delivery reach in order to continue offering its service to new customers; d) new innovations in the food sector, for example through delivery-only super kitchens “Editions”; e) new formats that will help restaurants expand to new areas at a lower cost and lower risk, bringing more choice to local neighbourhoods.; f) development of new products for customers to offer a more personalised experience; g) increased support for restaurant partners; and h) new tools to offer riders flexible and well-paid work.
Will Shu, founder and CEO of Deliveroo, said: “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.

“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.”

Image over the headline.- © Deliveroo.

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