Renewable Energy

Amazon wades into British food delivery battle with Deliveroo funding

Credit: REUTERS/ERIC GAILLARD

Amazon has led a new funding round in Britain's online food delivery company Deliveroo, throwing its weight behind the app in the battle with Uber Eats and Just Eat to deliver takeaway meals.

Adds background

May 17 (Reuters) - Amazon AMZN.O has led a new funding round in Britain's online food delivery company Deliveroo, throwing its weight behind the app in the battle with Uber Eats UBER.N and Just Eat JE.L to deliver takeaway meals.

Deliveroo said on Friday that Amazon was the lead investor in a new $575 million funding round, joining its existing investors to further develop the company's technology and expand its reach.

Headquartered in London, Deliveroo uses 60,000 riders to deliver meals from over 80,000 restaurants and takeaway outlets in 14 countries including France, Germany, Hong Kong, Singapore and Kuwait.

In Britain it is locked in a battle with Uber Eats and Just Eat, where its riders are a common sight in their distinctive black and teal jackets, carrying delivery boxes emblazoned with its kangaroo logo.

The new Series G funding round takes the total Deliveroo has raised to date to $1.53 billion. Its existing investors are T. Rowe Price, Fidelity Management and Research Co, and Green oaks.

"We’re impressed with Deliveroo's approach, and their dedication to providing customers with an ever increasing selection of great restaurants along with convenient delivery options," said Doug Gurr, Amazon UK Country manager.

"(CEO) Will (Shu) and his team have built an innovative technology and service, and we're excited to see what they do next."

(Reporting by Kate Holton in London and Ismail Shakil in Bengaluru; Editing by Bernard Orr and James Davey)

((ismail.shakil@thomsonreuters.com; Within U.S. +1 646 223 8780, outside U.S. +91 80 6749 3538; Reuters Messaging: ismail.shakil.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Energy Videos

    The State of Offshore Wind Power in the US and if It’s on the Way to Meeting Energy Goals

    Marmen Welcon Senior Representative Vincent Trudel discusses the state of offshore wind power in the US and if it’s on the way to meeting energy goals.

    Sep 10, 2021

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More