Amazon Announced A Big Investment In Deliveroo

British food delivery startup Deliveroo raised $575 million in funding led by Amazon

Amazon Announced A Big Investment In Deliveroo

Deliveroo has raised $1.53 billion from investment since it was founded in 2013 until now, becoming one of the best-funded startups in Europe. Recently, Amazon has taken a stake in the British food delivery startup Deliveroo, organizing a funding and investing as much as $575 million, the new funding taking the total raised by Deliveroo to $1.35 billion to date, making it one of the best-funded startups in Europe. Deliveroo founder and chief executive Will Shu stated:

“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. Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organization. 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.”

Regarding the money raised recently from the funding led by Amazon, Deliveroo stated they would use it for international expansion, improving their service and growing their delivery-only kitchen business.

The backing from Amazon gives Deliveroo a boost against rivals such as JustEat and Uber Eats. There were also rumors that both Amazon and Uber were considering the acquisition of Deliveroo, a major rival to Uber Eats outside the US.

Besides the UK, Deliveroo also operates in Australia, Belgium, France, Germany, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, the United Arab Emirates and Taiwan, and its global sales has more than doubled in 2017. The firm uses more than 60,000 couriers that deliver food to customers on bikes or moped.