ao link

You are viewing 1 of your 2 articles

To continue reading register for free, or if you’re already a member login

 

Register  Login

Amazon heads $575m funding bounty for Deliveroo

Amazon has been announced as "the largest investor" in a new $575m (£450m) funding package for food delivery company Deliveroo.

 

Fellow investors include existing supporters of Deliveroo, T Rowe Price, Fidelity Management and Research Company, and Greenoaks.

 

The finance will be used to expand Deliveroo's tech team at its UK headquarters in London, expand its reach to new customers by linking up with more restaurants and provide ongoing innovation through its deliver-only kitchens called Editions.

 

Will Shu, founder and chief executive of Deliveroo, described the new funding as "great news" for restaurants and the tech sector as it will create jobs.

 

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

 

Doug Gurr, Amazon UK country manager, added: "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."

 

Founded in 2013 by Shu and Greg Orlowski. Deliveroo works with more than 80,000 restaurants and takeaways, as well as 60,000 riders to deliver food in 14 countries.

 

Deliveroo launches clean and recycle service for plastic takeaway containers >>

 

Bargain basement: the case for virtual kitchens >>

 

Deliveroo to display dish-by-dish calorie information >>

Plant-Based World Expo

Plant-Based World Expo

Social Media Summit 2024

Social Media Summit 2024

Hotel Cateys

Hotel Cateys

Best Places to Work in Hospitality 2025

Best Places to Work in Hospitality 2025

Queen's Awards for Enterprise

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

Jacobs Media

Jacobs Media is a company registered in England and Wales, company number 08713328. 3rd Floor, 52 Grosvenor Gardens, London SW1W 0AU.
© 2024 Jacobs Media