Amazon leads USD575 mn investment in Deliveroo

Source: bloomberg, Friday, May 17, 2019

Amazon is leading a USD575 million investment in Deliveroo, buying a slice of the fast-growing startup to propel its drive into the European food and groceries business. Amazon UK has signaled its growing ambitions in food with Prime Now, which offers deliveries to major British cities within two hours. Amazon closed down its UK food delivery service late last year.