Amazon has led a $575 million Series G funding round in London-based food delivery company Deliveroo. Existing investors T. Rowe Price, Fidelity Management and Research Company, and Greenoaks also participated in this round. Including this round, Deliveroo has raised more than $1.5 billion.
Deliveroo is available in 14 countries including the UK, France, Germany, Spain, Singapore, Taiwan, Australia, and the UAE. And it is available at more than 80,000 restaurants with a fleet of more than 60,000 delivery team members.
It is unknown how Amazon will work with Deliveroo. TechCrunch pointed out that this deal may lead Amazon integrating Deliveroo’s services with Amazon Prime. Amazon closed the Amazon Restaurants U.K. takeout business last year since it struggled to compete against Deliveroo and Uber Eats. But Amazon still offers the takeout service in the U.S.
“Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organization,” said Deliveroo CEO and founder Will Shu in a statement.
This round of funding will go towards growing its engineering team in London and expand its reach. Plus the company is going to focus on new products such as cloud kitchens for making the delivery of meals faster and more cost-efficient.
“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,” added Doug Gurr — a UK-based manager at Amazon. “Will and his team have built an innovative technology and service, and we’re excited to see what they do next.”
Deliveroo did not disclose its valuation following this round of funding. But rumor has it that Deliveroo is now valued at somewhere between $3 billion and $4 billion.
