LONDON (Reuters) – British food delivery company Deliveroo said on Sunday it had raised a further $ 180 million from existing investors, including Amazon’s shareholders, in a move that ‘worth more than $ 7 billion to the industry.
Deliveroo is expected to make its first public offering in the coming months, the largest magazine in London for three years.
“This investment will help us to innovate, develop new technical devices to support restaurants, provide more work for cyclists and expand choice for customers,” said the founder of Deliveroo and the leader Will Shu.
The British competition regulator agreed to Amazon’s May 2019 purchase of a 16% stake in Deliveroo in August, surpassing complaints from local rivals Just Eat Takeaway and Domino’s Pizza.
The internet giant’s share is not expected to increase as a result of involvement in the latest round of fundraising, which was led by US investors Durable Capital Partners and Fidelity Management & Research.
Deliveroo operates across 12 countries, mainly in western Europe but also in Australia, Hong Kong, Singapore and the United Arab Emirates. He did not mention what all investors contributed in the latest funding round.
The company said it would spend the $ 180 million on expanding delivery-only kitchen sites, on-demand grocery delivery and membership services, as well as allowing more restaurants to take orders from their own websites.
Reciting with David Milliken; Edited by Clelia Oziel