LONDON (Reuters) – Britain’s food delivery company Deliveroo said on Sunday it had raised another $ 180 million from existing investors, including minority shareholder Amazon, in a move that valued the business at more than $ 7 billion.
Deliveroo is set to hold an initial public offering in the coming months, in what would be London’s largest new share issue in three years.
“This investment will help us continue to innovate, developing new technological tools to support restaurants, provide more work for passengers and expand customer choice,” said Will Shu, founder and CEO of Deliveroo.
The UK competition regulator approved Amazon’s acquisition in May 2019 of a 16% stake in Deliveroo in August, ignoring the objections of local competitors Just Eat Takeaway and Domino’s Pizza.
The Internet giant’s stakes are not expected to rise as a result of its participation in the latest round of fundraising, which was led by US investors Durable Capital Partners and Fidelity Management & Research.
Deliveroo operates in 12 countries, mostly in Western Europe, but also in Australia, Hong Kong, Singapore and the United Arab Emirates. He did not specify how much each investor contributed in the last round of financing.
The company said it will spend the $ 180 million to expand catering sites exclusively for delivery, on-demand food deliveries and subscription services, and to allow more restaurants to receive orders from their own websites. web pages.
Reporting by David Milliken; Editing by Clelia Oziel