TELETRADER News
5/17, 7:48 AM (Source: TeleTrader)
more TeleTrader news

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