Technology

Deliveroo to ‘invest heavily’ in London tech with Amazon’s £450m

Deliveroo today confirmed Amazon is leading a $575m (£450m) funding round in the food delivery business as it plans to expand its London engineering team with some of the cash.

Read more: Amazon in talks to invest millions in Deliveroo

The round, including money from existing investors T Rowe Price, Fidelity Management and Greenoaks, takes Deliveroos total capital raised so far to $1.53bn.

“Were impressed with Deliveroos approach, and their dedication to providing customers with an ever increasing selection of great restaurants along with convenient delivery options,” said Doug Gurr, Amazon UK country manager.

“Will and his team have built an innovative technology and service, and were excited to see what they do next.”

Deliveroo plans to use the cash to “invest heavily” in its London tech team as well as expanding to reach new customers.

“Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation,” said founder Will Shu.

“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.”

The British startup will also build “new tools to offer riders flexible and well-paid work”.

The firm has come under pressure over its treatment of couriRead More – Source

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