Amazon has led a funding round in British online food delivery company Deliveroo...
LONDON - Amazon has led a funding round in British online food delivery company Deliveroo, pitting itself against Uber Eats and other smaller providers in an escalating battle to deliver takeaway meals.
The news that the world’s biggest online retailer had taken a stake in one of Europe’s fastest growing tech companies sent shockwaves through the sector, hitting shares in rivals Just Eat, Takeaway.com and Delivery Hero. Deliveroo said Amazon was the lead investor in a new $575 million funding round. The new Series G funding takes the total Deliveroo has raised to date to $1.53 billion.“Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organization,” Shu said.
In Britain it is locked in a battle with Uber Eats and the online platform Just Eat and its riders are a common sight carrying delivery boxes emblazoned with its kangaroo logo.
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