Deliveroo raises $575 million is Series G


Deliveroo raises $575 million is Series G

The UK based online delivery company has raised $575 million in its series G round of funding. The funding round is led by the retail giant Amazon with the participation of existing investors T. Rowe Price, Fidelity Management and Research Company, and Greenoaks. The new investment is due to be completed in a few months’ time and is subject to customary approvals.

The new round of funding takes Deliveroo’s total funding up to $.1.53 billion. Thanking the investors, Will Shu, founder and CEO of Deliveroo said: “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.”

Deliveroo was founded in 2013 by William Shu and Greg Orlowski and provides services in 14 countries including the U.K., Germany, Spain, France, Singapore, Australia, Taiwan, and the UAE. It helps over 80,000 restaurants and takeaways. The company is headquartered in London and employs 2,500 around the world.

Commenting on the impressive funding round, Amazon UK’s Country Manager: “We're impressed with Deliveroo's approach, and their dedication to providing customers with an ever increasing selection of great restaurants along with convenient delivery options.”

Business News

Recommended News