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Amazon delivers for Deliveroo in a $575m funding round

on May 17, 2019 | 0 comments

By John Glenday

Amazon has taken the lead on a new $575m funding round for Deliveroo intended to furnish the home delivery service with the capital it needs to expand its tech team, reach more consumers and grow its unique brand of delivery-only ‘dark kitchens’.

The latest cash injection brings the total raised by Deliveroo to $1.53bn as its voracious appetite for new customers, including both signed-up restaurant suppliers and consumers. The former has been bolstered by the development of purpose-built kitchens in areas of high demand from which restaurants can lease cooking facilities at the fraction of the cost Read full story ›

Source: The Drum