US online titan Amazon has taken a stake in Deliveroo, the British food delivery company said on Friday. Amazon is the single largest investor in a $575-million (514-million-euro) financing round, Deliveroo said in a statement. Other participants include existing Deliveroo investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks. "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," said Deliveroo founder and CEO Will Shu. "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 latest funding round takes the total amount that Deliveroo has … [Read more...] about Amazon invests in British food courier Deliveroo
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Amazon invests in UK restaurant delivery service Deliveroo
New York (CNN Business)Amazon just made another big move into food, picking up a stake in one of the United Kingdom's top restaurant delivery services. Deliveroo announced Friday that it had raised $575 million in an investment round which adds the US tech giant to its list of investors. "Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation," Deliveroo CEO Will Shu said in a statement. The London-headquartered delivery platform, which operates in 14 countries and territories around the world including Australia, France and Germany, said it has now raised more than $1.5 billion since it was founded in 2013. The funding round also included some of Deliveroo's previous investors such as T. Rowe Price (TROW), Fidelity and Greenoaks, it said. Read More Amazon already has a presence in the food delivery space with its website's "restaurant" section and AmazonFresh Grocery, but the investment into … [Read more...] about Amazon invests in UK restaurant delivery service Deliveroo
Amazon invests in Deliveroo as part of £450m funding round
Deliveroo said on Friday that Amazon was the lead investor of a new £450m funding round in the British online food delivery company. The firm said that it would use the money to expand the tech team at its UK headquarters and tap new customers, as well as other initiatives. Amazon recently pulled back on its own restaurant delivery business in the UK, closing the London arm of its the service in December last year. It faced competition from Just Eat and Deliveroo as well as taxi firm Uber, which launched its Eats service in London in June and has been expanding it across the UK. The businesses offer rapid food delivery from established restaurants and takeaways which is ordered on a mobile phone app. In September the Telegraph reported that Amazon had made two preliminary approaches for Deliveroo, which has also thought to have been in talks with Uber, with one taking place nine months earlier. Uber recently floated on the US stock market in New York … [Read more...] about Amazon invests in Deliveroo as part of £450m funding round
Amazon takes bite of Deliveroo in £450 million funding round
Amazon takes bite of Deliveroo in £450 million funding round BelfastTelegraph.co.uk Amazon is leading a 575 million US dollars (£450 million) investment round in Deliveroo, in a move that is set to have repercussions throughout the food delivery sector. https://www.belfasttelegraph.co.uk/news/uk/amazon-takes-bite-of-deliveroo-in-450-million-funding-round-38120835.html https://www.belfasttelegraph.co.uk/news/uk/article38120836.ece/51589/AUTOCROP/h342/bpanews_ebe065d2-f200-4bdc-9a61-a3275e3618fb_1 Email Amazon is leading a 575 million US dollars (£450 million) investment round in Deliveroo, in a move that is set to have repercussions throughout the food delivery sector. London-based Deliveroo announced that the tech giant would join existing investors T Rowe Price, Fidelity and Greenoaks in the round, which takes the total raised by the company to date to 1.53 billion US dollars (£1.2 billion). The fresh capital will allow Deliveroo to hire more engineers at … [Read more...] about Amazon takes bite of Deliveroo in £450 million funding round
Amazon in talks to invest millions in Deliveroo
Amazon is in talks to invest hundreds of millions of pounds in Deliveroo giving the food delivery app a boost as it takes on takeaway rival Uber Eats. The internet retailer will announce a deal to back Deliveroo as part of a $575m (£450m) funding round which is expected to be revealed in the coming days, Sky News reported. Read more: Shortsellers increase bets against food delivery giant Just Eat Amazon is expected to contribute a large proportion of the funds being raised by the London-based tech start-up if the deal goes ahead. It was previously reported that Amazon had made two offers to buy Deliveroo outright and Uber, which launched a disappointing initial public offering in New York last week, was reported to have held talks about an acquisition. Amazon cancelled its own London takeaway delivery service Amazon Restaurants UK in December after two years amid fierce competition from Uber Eats, Deliveroo and Just Eat. The funding round will take the total amount of capital … [Read more...] about Amazon in talks to invest millions in Deliveroo