Amazon (NASDAQ: AMZN) is leading a $575 million funding round for Deliveroo, a food delivery company based in the United Kingdom.
Deliveroo’s existing investors including T. Rowe Price, Fidelity Management, and Greenoaks are also taking part in the funding round.
To date, the food delivery company raised $1.53 billion. It is planning to use the latest funding to expand service and engineering team at its headquarters in London.
Deliveroo said the investment will create more high-skilled jobs and enable it to continue offering its service to new customers. Additionally, it will allow the delivery company to develop new tools for riders with better pay.
Amazon serves as an inspiration to Deliveroo CEO
“This new investment will help Deliveroo to grow and to offer customers even more choice, tailored to their personal tastes, offer restaurants greater opportunities to grow and expand their businesses, and to create more flexible, well-paid work for riders,” said Will Shu, founder and CEO of Deliveroo.
