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Food delivery firm Deliveroo gets USD 575 mn from Amazon for tech team expansion

Devdiscourse News Desk | Updated: 17-05-2019 13:34 IST | Created: 17-05-2019 11:23 IST
Food delivery firm Deliveroo gets USD 575 mn from Amazon for tech team expansion
The firm said in an emailed statement that it would use the money to expand the tech team at its UK headquarters and tap new customers, as well as other initiatives. Image Credit: Flickr

Deliveroo said on Friday that Amazon.com Inc was the lead investor of a new $575 million funding round in the British online food delivery company alongside its existing investors. The firm said in an emailed statement that it would use the money to expand the tech team at its UK headquarters and tap new customers, as well as other initiatives.

The latest funds came from Amazon and existing investors T. Rowe Price, Fidelity Management and Research Co, and Green Oaks. Deliver said the Series G funding round takes the total it has raised to date to $1.53 billion. Sky News reported the news earlier on Thursday.


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