British food-delivery company Deliveroo has raised a further US$180 million (HK$1.4 billion) from existing investors, including minority shareholder Amazon, in a move that values the business at more than US$7 billion.
Deliveroo is set to hold an initial public offering in the coming months, in what would be the biggest new share issue in London for three years. Amazon's 16 percent stake is not expected to increase after the latest round of fundraising, led by US investors Durable Capital Partners and Fidelity Management & Research.
Deliveroo operates mostly in western Europe but also in Australia, Hong Kong, Singapore and the UAE. The company said it would spend the $180 million on expanding delivery-only kitchen sites, on-demand grocery deliveries and subscription services, as well as allowing more restaurants to take orders from via own websites.