Amazon invests in Deliveroo as part of £450m funding round

Amazon invests in Deliveroo as part of £450m funding round

Amazon has reportedly expressed interest in buying Deliveroo in the past, as has transportation firm Uber, which launched its delivery service Uber Eats in the United Kingdom in 2016.

Amazon is reportedly considering investing hundreds of millions of dollars in Deliveroo, a global food delivery service based in the UK.

Neither company revealed the size of the investment, but said Amazon was leading the £575m (£450m) round, which also included investment from T. Rowe Price, Fidelity Management and Research Company, and Greenoaks. Deliveroo said it had raised a total of $1.5bn since it launched in 2013.

Shuttleworth considers such trends to pose a real and present danger to supermarkets with younger shoppers turning to the likes of Deliveroo for their nightly meal rather than head out to their nearest store - diverting food spend from the pockets of retailers in the process.

The deal will help make up the $575 million in funding Deliveroo is seeking from investors, according to the report.

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"This new investment will help Deliveroo grow; offer customers even more choice, tailored to their personal tastes; offer restaurants greater opportunities to grow and expands their business; and create more flexible, well-paid work for riders", Will Shu, CEO of Deliveroo, said.

Deliveroo will use the money it raises from the funding round to expand to new areas and gain new customers.

The news hit shares in rivals Just Eat, and Delivery Hero.

"Will and his team have built an innovative technology and service, and we're excited to see what they do next", he added.

The ride-hailing service Uber, which operates rival Uber Eats and earlier this month listed on the New York Stock Exchange, is reported to have previously held preliminary takeover talks with Deliveroo.

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