5/17, 7:48 AM (Source: TeleTrader)
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Deliveroo confirms Amazon investment

British online food delivery company Deliveroo confirmed on Friday previous reports that American retail giant Amazon is investing in the delivery app maker, leading a $575 million funding round.

"Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organization," Founder and Chief Executive Will Shu said in a press release.

Apart from Amazon, Greenoaks, T. Rowe Price and Fidelity Management are taking part in the funding round. With the latest investment, the delivery company has raised more than $1.5 billion to date.

Breaking the News / BM