Deliveroo picks up $575m in Amazon-led funding

Deliveroo scooterAmazon has invested in UK-based food delivery company Deliveroo as part of big $575m funding round, taking the startup’s total raised up to $1.53bn to date.

The series G preferred shared funding round also include investment from existing investors T. Rowe Price, Fidelity Management and Research Company, and Greenoaks.

“Were impressed with Deliveroos 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. “Will [Shu] and his team have built an innovative technology and service, and were excited to see what they do next.”

Deliveroo says it will use the cash boost to grow its London-based engineering; expand its delivery reach; innovating within the food sector; and to develop new products in order to offer a more personalised experience to customers, increased support to its restaurant partners, and tools to offer riders ‘flexible and well-paid work’.

“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 Will Shu, founder and CEO of Deliveroo.

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

“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.”