Left Menu
Development News Edition

UPDATE 1-Amazon invests in food delivery firm Deliveroo to challenge Uber Eats

Devdiscourse News Desk | Updated: 17-05-2019 16:50 IST | Created: 17-05-2019 12:21 IST
UPDATE 1-Amazon invests in food delivery firm Deliveroo to challenge Uber Eats
Deliveroo uses 60,000 riders to deliver meals from over 80,000 restaurants and takeaway outlets in 14 countries including France, Germany, Hong Kong, Singapore and Kuwait. Image Credit: Flickr

Amazon has led a new funding round in Britain's online food delivery company Deliveroo, throwing its weight behind the app in the battle with Uber Eats and Just Eat to deliver takeaway meals.

Deliveroo said on Friday that Amazon was the lead investor in a new $575 million funding round, joining its existing investors to further develop the company's technology and expand its reach. Headquartered in London, Deliveroo uses 60,000 riders to deliver meals from over 80,000 restaurants and takeaway outlets in 14 countries including France, Germany, Hong Kong, Singapore and Kuwait.

In Britain it is locked in a battle with Uber Eats and Just Eat, where its riders are a common sight in their distinctive black and teal jackets, carrying delivery boxes emblazoned with its kangaroo logo. The new Series G funding round takes the total Deliveroo has raised to date to $1.53 billion. Its existing investors are T. Rowe Price, Fidelity Management and Research Co, and Green Oaks.

"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," said Doug Gurr, Amazon UK Country manager. "(CEO) Will (Shu) and his team have built an innovative technology and service, and we're excited to see what they do next."


TRENDING

OPINION / BLOG / INTERVIEW

‘Discounted Deaths’ and COVID 19: Anthropology of Death and Emotions

Death is a social event rather than the mere cessation of biological functions. As seen by anthropologists, death is not just physical but intensely social, cultural, and political....

Indigenous knowledge of communities a must for maximizing impact of community work

Generally, it has been observed that the majority of the academicians in higher education institutions neglect the wisdom of community people and throw their weight around thinking that they know everything and the community knows nothing. ...

In rebuking FBR, Pakistan’s courts take a stand for public health

The system, if implemented effectively, will allow Pakistans revenue service to combat the illicit trade in tobacco products and potentially add hundreds of millions of dollars to the states budget each year. ...

Dissecting how COVID-19 is catalyzing the trajectory of New World Order

The ensuing pandemic of COVID-19 has hit the globalization in two ways firstly, shrinking the importance of globalization as an economic force by curtailing mobility through worldwide lockdowns, and secondly, rejuvenating the idea of indig...

Videos

Latest News

Quincy Crew stay unbeaten in ESL One Birmingham NA/SA

Undefeated Quincy Crew topped winless Thunder Predator 2-0 on Friday to grab a share of first place in the ESL One Birmingham Onlines North America and South America region. Quincy Crew 3-0 pulled level with CR4ZY 3-0, who were idle Friday....

Minneapolis cop who knelt on man's neck charged with murder

The white Minneapolis police officer who knelt on George Floyds neck was arrested and charged with murder Friday, and authorities imposed an overnight curfew to try to stem three nights of often-violent protests that left dozens of stores b...

U.S. businesses awake to 'sad day' in Hong Kong as Trump moves to squeeze economic ties

The American Chamber of Commerce in Hong Kong said on Saturday it was a sad day for the global financial centre, hours after U.S. President Donald Trump moved toward stripping the city of its special treatment in a bid to punish China.In so...

Mexico nabs gang chief allegedly behind US journalist attack

Authorities in northern Mexico said Friday they arrested a gang leader allegedly involved in as many as 50 killings and an attack on a US journalist. Prosecutors in Chihuahua state identified the suspect only by his given names, Omar Alfred...

Give Feedback