Tech giant Amazon is leading a £450m investment round in the London based Deliveroo that will start repercussions across the food delivery sector.
Amazon will join existing investors Greenoaks, Fidelity and T Rowe Price in the funding round, this will take the total raised by the company to £1.2bn to date.
The funding will enable Deliveroo to build on the UK capital’s growing reputation as a tech hub, and hire more engines for their London headquarters.
Will Shu, Deliveroo’s founder and chief executive said, “Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation.
“This is great news for the tech and restaurant sectors, and it will help to create jobs in all of the countries in which we operate.”
Commenting on the investment, Amazon’s UK country manager Doug Gurr said, “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.
“Will and his team have built an innovative technology and service, and we’re excited to see what they do next.”