Peaceful Parkway Deliveroo
Image Source: Sam Saunders
Rebecca Wayman

Amazon invests major sum in popular delivery service

Amazon has announced a major investment in food courier Deliveroo.

The figure has not been disclosed, however Amazon is said to be the biggest investor in Deliveroo’s latest round of fundraising, which came to £450m. Many existing US investors also contributed to the round.

Deliveroo said it would use the investment to expand internationally, improving its service and to grow its delivery-only kitchens business.

Since being founded in 2013, the amount of capital invested in Deliveroo comes to more than $1.5bn.

Deliveroo founder and chief executive, Will Shu, stated he is excited to work with “such a customer-obsessed organisation”, like Amazon.

In the past, Amazon reportedly had ideas to buy Deliveroo outright, which now operates in over 100 cities and towns countrywide.

Access free online guidance for North East businesses in the Growth Hub North East's COVID-19 toolkit →

Our Partners

Top Ten Most Read