Amazon leads $575 million investment in food delivery network Deliveroo

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London-headquartered food delivery company Deliveroo has raised $575 million in a series G round of funding led by Amazon, with participation from T Rowe Price, Fidelity Management and Research Company, and Greenoaks.

This takes the company’s total funding to more than $1.5 billion since its inception in 2012. Though the company hasn’t revealed a valuation at this round, we do know it was valued at more than $2 billion at its series F round back in 2017, so the company was already comfortably into unicorn territory before this latest cash injection.

Deliveroo is a similar proposition to UberEats, insofar as it provides the transport infrastructure for restaurants of any size to offer customers delivery — it saves them from having to hire their own drivers directly. Through the mobile app, users can see what restaurants are signed up to Deliveroo in their area, place their order there and then, and

 


This article was originally published on on VentureBeat.

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