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Deliveroo has announced it has received $575m (£450m) in investment from online retailer, Amazon.
The investment makes Amazon the largest investor in Deliveroo’s shared funding round, which the app hopes will allow it to invest heavily in expanding the company’s tech team at its UK Headquarters, expand further to reach new customers, and continue developing its Editions ‘dark kitchens’.
Amazon joins other investors including T. Rowe Price, Fidelity Management and Research Company, and Greenoaks, in raising a $1.53bn (£1.2bn) total. Deliveroo says it has plans to create more high-skilled jobs and introduce new app tools to help restaurant partners and riders following the funding round.
Will Shu, founder and CEO of Deliveroo, said: “This new investment will help Deliveroo to grow and to offer customers even more choice, tailored to their personal tastes, offer restaurants greater opportunities to grow and expand their businesses, and to create more flexible, well-paid work for riders.
“Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation. 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.”
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. Will and his team have built an innovative technology and service, and we’re excited to see what they do next.”
