Amazon invests in British food courier Deliveroo

  • 📰 eNCA
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

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 financing round, Deliveroo said in a statement.

"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. "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."Since its London launch in 2013, Deliveroo has expanded into 500 towns and cities across Europe, Asia, Australia and the Middle East.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon offers employees $10,000 to quit, launch delivery businessSince last year, some 200 people have begun Amazon delivery startups, and the company said it expects 'hundreds' more with the added incentives, available in the United States, Britain and Spain.
Source: ewnupdates - 🏆 30. / 53 Read more »

BUSINESS MAVERICK: MTN associate, Jumia Technologies, called a ‘fraud’One should never take reports written by short sellers (who have taken a bet that a stock price will go down), entirely at face value. However, a report on Jumia Technologies, dubbed Africa’s Amazon, does raise questions and concerns.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: Jumia shrugs off short-seller reportShares in e-commerce company Jumia, otherwise dubbed Africa’s Amazon, have plateaued after a week that saw the share price plunge after the publication of a report from short-seller Citron Research that suggested the company was not what it appeared to be.
Source: dailymaverick - 🏆 3. / 84 Read more »

OPINIONISTA: Investing in the stock market: EndgameThe JSE has been under pressure for the past few years, but the result does not have to mimic the Avengers movie Infinity War. A happy ending is still possible here. Over to you President Cyril Ramaphosa.
Source: dailymaverick - 🏆 3. / 84 Read more »