,UK

Deliveroo secures US$575 million funding from Amazon

The e-commerce company is set to be the largest investor in Deliveroo’s series G funding round.

Deliveroo announced that Amazon is leading a new US$575 million Series G preferred shared funding round, alongside existing investors T. Rowe Price, Fidelity Management and Research Company, and Greenoaks.

This takes the total Deliveroo has raised to date to US$1.53 billion. With this funding, the company will invest heavily in expanding its tech team at its UK Headquarters, expand further to reach new customers, and continue innovating through its ‘Editions’ super kitchens.

“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,” Deliveroo’s founder and CEO Will Shu explained.

“Will and his team have built an innovative technology and service, and we’re excited to see what they do next,” Amazon UK country manager Doug Gurr said.

Reacting to the news, investment firm CAT Rock Capital says Amazon’s funding in Deliveroo “underscores the significant strategic interest in online food delivery space and highlights opportunity for Just Eat’s Board to create value for all shareholders by participating in global consolidation.”

“While we are surprised that Amazon chose to back one of Just Eat’s small and cash-burning competitors, we are confident that Just Eat’s significant strategic value will be unlocked if the Board engages with the many potential strategic partners available to the Company,” Cat Rock Capital Management LP founder and managing partner Alex Captain said in a statement.

Join QSR Media Australia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The chain is also giving one couple the chance to win free catering.
The Mexican QSR recently embarked on a hiring spree across the country.
The promotion is available across the chain’s 41 stores.
This unit guarantees food quality without increasing operational expenses.
Controlling food costs, lessening waste, and forecasting demand accurately are crucial.
It partnered with Sydney illustrator Julie Luu to feature festive art across store signages and the brand’s 2022 Christmas Calendar.
One applicant will also have the chance to win a year’s worth of free pizza and a Nintendo Switch.
Its current store network is now worth $4 million a year.
Find out how the upgraded digital menu signages improved the brand's operational and cost efficiencies.
The fast food chain has 54 restaurants across SA and 449 nationally.