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Deliveroo Raises $575 Million Round Led By Amazon

image: Deliveroo

Deliveroo has raised $575 million Series G funding led by Amazon, with participation from existing investors Greenoaks, T. Rowe Price, and Fidelity Management and Research Company. This boosts the company's total funding to $1.53 billion. The new funding will be completed in coming months, subject to regulatory approvals.

Deliveroo says it'll make use of the investment to grow its engineering team based in its London headquarters, expand its reach, develop new products for customers, and bring about new 'innovations' in the food sector. "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." Deliveroo CEO Will Shu said in a statement.

Deliveroo co-founder and CEO William Shu

Photo by John Phillips/Getty Images for TechCrunch

Founded in 2013 by William Shu and Greg Orlowski, Deliveroo has grown to operate in over 500 towns across 14 markets. The company works with 80,000 restaurants and 60,000 riders to deliver food across markets it operates in. It currently employs 2,500 people at offices around the globe.

The valuation for this round is not known but for a hint, Deliveroo was last valued at $2 billion. The company was notably previously reported to be of acquisition interest by Uber.



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