Amazon makes large investment in Deliveroo

Deliveroo raised a total of US$575m from its latest funding round
Share
Deliveroo Caterer270618_Deliveroo_CAT
ITP Images
Deliveroo Caterer270618_Deliveroo_CAT

Food delivery company Deliveroo has raised US$575m (2.1bn AED) in its latest funding round, with e-commerce giant Amazon the largest investor.

It takes the total raised by Deliveroo to date to US$1.53bn (5.6bn AED), with the UK headquartered firm expected to use the money to invest in its Editions kitchens and its ability to reach new customers.

Related

Editions allows restaurants to expand into areas where they have no physical presence, a la ‘dark kitchens’, and the brand has a number of these sites across the UAE already.

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.”

The new investment will completed in the coming months.

Most Popular

Follow us