Amazon grabs Deliveroo stake in funding round
Amazon is backing food delivery service Deliveroo as part of an investment consortium investing nearly half a billion pounds in the app.
The consortium, which also includes existing investors T Rowe Price, Fidelity Management and Research Company and Greenoaks, will invest $575m (£450m). Amazon has led the investment.
Deliveroo will use the money to invest in its UK-headquartered tech team and to expand its delivery-only ‘super kitchens’ Editions and new formats which will help restaurants to expand at a lower risk and cost.
It will also develop new products to offer a more personalised experience, offer new tools to riders and increase its support for restaurant partners.
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