ride-hailing giant went public and saw its stock plunge 8% on its first day of trading
The news sent shares down 7% in Just Eat, wiping more than £360 million off the market cap of the third major food-delivery company in the UK., potentially making the e-commerce giant one of the meal courier's largest investors. Deliveroo, which works with more than 80,000 restaurants and takeaways and 60,000 delivery riders, has raised just over $1.5 billion to date.
Amazon joined existing Deliveroo investors T Rowe Price, Fidelity, and Greenoaks Capital in the Series G funding round. Deliveroo plans to use the additional funds to hire more engineers at its London headquarters, expand into new areas to reach new customers, and ramp up"Editions" — its delivery-only super kitchens.
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Amazon is disrupting Industries left and right. this company is so consumer centric and on the scale now it can disrupt preety much everything they touch.
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Uber CEO Dara Khosrowshahi on the future of the company before its massive IPOUber CEO Dara Khosrowshahi shared an Uber with CNBC's Andrew Ross Sorkin ahead of the company's IPO on the New York Stock Exchange. Khosrowshahi discussed the company's success, new scooter and bike services, Uber Eats and more. andrewrsorkin dkhos Ubers new indication of opening price is now $44.50 to $45? trump better tweet something NOW? JMO andrewrsorkin dkhos Boy,CNBC was really cheerleading this DOG that is bleeding money. Wall Street greed is on display and it has backfired spectacularly. Now they're talking Uber Eats will make it profitable...PLEASE .. What a train wreck. andrewrsorkin dkhos No follow up questions to that bullshit about cars going vertical? Wow this was so pathetic even for Uber.
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Amazon leads $575 million investment round for food delivery company DeliverooAmazon is leading a $575 million funding round for Deliveroo, taking the total the food delivery firm has raised to date up to $1.53 billion.
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