Deliveroo’s Successful Investment Round: Raising 223.7 Million and Valuation of 4.1 Billion

Deliveroo, a British online food delivery company, has recently closed a successful investment round with a total of 223.7 million being raised and a valuation of 4.1 billion. In this article, we will discuss the details behind this transaction, its implications, and the company’s future plans.

Table of Contents

Overview of Deliveroo

Deliveroo is a British online food delivery company founded in 2013. The company connects customers with restaurants and takeaways that deliver food directly for customers. Deliveroo currently operates in 12 countries and over 500 cities worldwide. The company’s mission is to bring the world’s best restaurants to people wherever they are.

Background of the Investment Round

Deliveroo recently closed a successful investment round with a total of 223.7 million being raised and a valuation of 4.1 billion. This is the largest investment into a European tech company of 2019. The investment round was led by Amazon, along with existing investors such as Fidelity, Greenoaks, and T. Rowe Price.

Investment Details

The investment round was led by Amazon and included a range of investors. The 223.7 million raised was split between existing investors, such as Fidelity, Greenoaks, and T. Rowe Price, and new investors such as DST Global and CapitalG. The new investors also provided an additional $575 million in the form of a convertible loan, which will be converted into equity at a later date.

Impact of the Investment Round

The investment round has had a significant impact on Deliveroo. Firstly, the company’s valuation has risen to 4.1 billion, making it the largest tech company in Europe. This investment round has also opened the door for Deliveroo to expand into new markets and develop new products and services.

Conclusion

Deliveroo plans to use the new investment to expand into new markets and develop new products and services. The company plans to use the money to invest in its technology and expand its delivery network. Deliveroo also plans to continue to focus on customer experience, with an emphasis on convenience and speed. The company also plans to use the investment to drive innovation in the delivery sector.