Amazon leads US$575m funding for Deliveroo

Business | 17 May 2019 5:42 pm

Amazon is investing in British meal delivery company Deliveroo, expanding its reach into food retailing.

Deliveroo said today that it raised US$575 million from investors led by Amazon. It said Amazon will become Deliveroo’s largest investor, though it did not disclose how much Amazon put in or how large a stake it acquired.

Will Shu, founder and chief executive of Deliveroo, said: “Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organization.”

Deliveroo was founded in 2013 and has become one of the main so-called gig economy companies in Britain, with its brand visible on delivery scooters around the country. Besides Britain, it also operates in several countries in Europe and Asia, including Germany, France, Italy and Australia.-AP


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