It's official! Amazon takes slice of Deliveroo

|About: Amazon.com, Inc. (AMZN)|By:, SA News Editor

Amazon (NASDAQ:AMZN) is investing millions in Deliveroo as it leads a $575M funding round that includes existing investors T. Rowe Price, Fidelity Management and Greenoaks.

Deliveroo, which has raised a total of $1.53B since it launched in 2013, is a British company that allows users to order food from nearby restaurants using an app.

Its U.K. rivals include Uber Eats (NYSE:UBER) and Just Eat (OTCPK:JSTTY), but the firm operates across 14 markets including Australia, Germany, Hong Kong and the UAE.

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