TIL Desk/Business/San Francisco/ Expanding its efforts into the online food-delivery market, Amazon led a $575 million investment in London-based food delivery company Deliveroo, which was once of interest to Uber and Uber Eats.
“Amazon is set to be the largest investor in Deliveroo’s Series G funding round and Deliveroo is raising a total of $575 million with participation from Amazon,” the London-based company wrote in a blog-post on Friday. “This takes the total Deliveroo has raised to date to $1.53 billion.”
Deliveroo operates in 14 countries, including the UK, France, Germany, Singapore, Taiwan, Australia and the UAE, working with around 80,000 restaurants, 60,000 delivery persons and 2,500 permanent employees.
With this investment, Amazon intensifies its competition with Uber Eats, given that in 2018 Uber was interested in buying Deliveroo outright, but talks stalled after the two companies failed to agree on a valuation.
