Amazon to Lead $575 Million Funding Round in Deliveroo

Date : 05/17/2019 @ 7:26AM
Source : Dow Jones News
Stock : T. Rowe Price Grp., Inc. (TROW)
Quote : 103.75  0.96 (0.93%) @ 9:06PM

Amazon to Lead $575 Million Funding Round in Deliveroo

Amazon (NASDAQ:AMZN)
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   By Nathan Allen 
 

Deliveroo said Friday that Amazon.com Inc. (AMZN) will lead a $575 million series G funding round in the U.K. based food-delivery company.

Other investors include T. Rowe Price Group Inc. (TROW), Fidelity Management & Research Company and Greenoaks, Deliveroo said.

The latest round of investment will bring the total capital raised by Deliveroo to $1.53 billion, the company said.

Deliveroo, which operates across 14 markets in Europe and Asia, said it will invest heavily in expanding its London-based technology team and rolling out more specialist kitchens to prepare food for delivery.

"This new investment will help Deliveroo to grow and to offer customers even more choice, tailored to their personal tastes," Chief Executive Will Shu said.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

May 17, 2019 02:11 ET (06:11 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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