May 17, 2019
Deliveroo, a U.K.-based delivery service with operations across Europe, announced a massive $575 million Series G funding round led by Amazon, along with existing investors T Rowe Price, Fidelity Management and Research Co. and Greenoaks.
Deliveroo said the funding round will be used to expand the engineering team at its London headquarters, grow the reach of its delivery business and develop new innovations, including its delivery-only super kitchens called Editions.
Lastly the company plans to develop more personalized experiences for customers, create a more flexible and well paid work environment for riders and boost support for partner restaurants.
"This new investment will help Deliveroo to grow and 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," Will Shu, founder and CEO at Deliveroo said in the announcement.
The company currently works with more than 80,000 restaurants in 500 cities and towns in 14 markets throughout Europe, Asia and the Middle East. Since launching in 2013, the company has raised $1.53 billion.
Topics: In-App Payments, Mobile Apps, Mobile Payments, Region: EMEA, Restaurants
Companies: Amazon
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