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Sunday, May 19, 2019

Amazon Leads $ 575M investment in Deliveroo

https://www.technologymagan.com/2019/05/amazon-leads-575m-investment-in-deliveroo.html

Amazon Leads $ 575M investment in Deliveroo Amazon is taking a slice of Europe's food delivery market after the U.S. e-commerce giant led $ 575 million investment in Deliveroo

Tomorrow was reported by Sky first time, the series' G round was confirmed in the morning announcement from Delivero, which stated that T. The current backers, including Rowe Price, Fidelity Management and Research Company and Greenox, also participated. This deal took Delvroo up to just over $ 1.5 billion. At the end of 2017, the company was valued at over $ 2 billion after the previous uptake, although no updated evaluation was provided today.

The London based Deliverer operates in 14 countries, including the UK, France, Germany and Spain, and - outside of Europe - Singapore, Taiwan, Australia and UAE. Across those markets, it claims that it works with 80,000 restaurants along with fleet of 60,000 people and 2,500 permanent employees.

It is not immediately clear how Amazon planned to use its new strategic relationship with Delivero - it can, for example, integrate it with principal membership - but this is not the firm's first inclination with food distribution. is. The American firm last year sent its Amazon restaurant U.K. The takeout business was closed because he was struggling to compete with Deliveiro and Uber Eats. U.S. The service continues in

Amazon Leads $ 575M investment in Deliveroo. Deliveiro's CEO and founder Will Shu said in a statement, "Amazon has been an inspiration to me personally and for the company and we look forward to working with such a customer-centric organization."

Shu said that the new money will go towards the initiatives in which the engineering team in London is growing, expanding its reach and focusing on new products, which include cloud kitchens, which offer fast food and more cost- Can efficiently create

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