Amazon Leads Deliveroo's $575M Series
May 17, 2019
is leading a new $575MM Series G preferred shared funding round,
alongside existing investors T. Rowe Price, Fidelity Management and
Research Company, and Greenoaks.
This takes the total Deliveroo has raised to date to $1.53BN.
With this funding, Deliveroo will continue to build its world-class
serviceóbringing customers the food they want whenever and wherever they
want it, offering even more work for riders, and helping restaurants to
grow their businesses by reaching new customers. The new investment will
Growing Deliveroo's engineering team based in its London headquarters,
creating more high-skilled jobs and building on London's growing
reputation as a tech hub.
Expanding Deliveroo's delivery reach
in order to continue offering its service to new customers.
New innovations in the food sector,
for example through delivery-only super kitchens "Editions", as well as
new formats that will help restaurants expand to new areas at a lower
cost and lower risk, bringing more choice to local neighbourhoods.
Development of new products for
customers to offer a more personalised experience, increased support for
restaurant partners, and new tools to offer riders flexible and
Shu, founder and CEO of Deliveroo, said: "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
"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."
"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. "Will and his team have built an innovative
technology and service, and we're excited to see what they do next."