Amazon leads $575 million investment round for food delivery company Deliveroo

is leading a $575 million funding round for Deliveroo, taking the total the food delivery app has raised to date up to $1.53 billion.

Others taking part in the funding round include existing investors T. Rowe Price, Fidelity Management, and Greenoaks. Deliveroo said in a press release Friday that it would use the funding to grow its engineering team in its London headquarters and expand its delivery reach to offer its service to new customers. Will Shu, founder and CEO of Deliveroo, said in the press release that the new investment would offer restaurants new opportunities to grow and expand their businesses.

"Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation," he said. "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."

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

The inside story of why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for over $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy.
Source: CNBC - 🏆 12. / 72 Read more »

Here's why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy. Abdul Rasheed Quresh hashmi 03060420285
Source: CNBC - 🏆 12. / 72 Read more »