Amazon invests in Deliveroo as part of €513.5 million funding round

June 5, 2019 by
Nico Hoeijmans

CBM Artikel Amazon 1-day deliveryAmazon is leading a new investment round of 575 million dollars, which is equal to 513.4 million euros. This news has been announced by online food delivery service Deliveroo, which Amazon has a stake in.

Along the side of current investors, such as Greenoaks and T. Rowe Price, Amazon appears to be gaining a significant share of the business. This as part of a promotion where the total value of Deliveroo is close to 1.53 billion dollars. According to Deliveroo, the funding will be invested in the improvement of the platform, in order to offer more work and reach new customers for partnering restaurants.

To execute these plans, Deliveroo wants to grow its engineering team, expand their reach and support new propositions. One of these new propositions is called ‘editions’, which are delivery-only super kitchens. The company promised to deliver more tools to make their riders’ work more flexible and well-paid as well.

The founder and CEO of Deliveroo says: “Amazon has been an inspiration to me personally and to the company. We look forward to working with such a customer-obsessed organisation. This is great news for the tech and restaurant sectors. It will help to create jobs in all of the countries in which we operate."

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