Saturday, 27 November 2021

Amazon invests in British food courier Deliveroo

LONDON: Amazon has taken a stake in Deliveroo, the British food delivery company said on Friday.

Amazon is the single largest investor in a $575-million (514-million-euro) financing round, Deliveroo said in a statement.

Other participants include existing Deliveroo investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks.

“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,” said Deliveroo founder and CEO Will Shu.

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