Online Retail Giant Boosts Food Delivery App’s Growth
- Amazon invests $575m in Deliveroo
- Investment to expand tech team at UK headquarters
- Funding round total reaches $1.53bn
- Create more high-skilled jobs and new app tools for restaurant partners and riders
- Amazon joins other investors like T. Rowe Price, Fidelity Management, and Greenoaks
Deliveroo has received a significant investment of $575 million (£450 million) from online retail giant Amazon, making it the largest investor in Deliveroo’s shared funding round. This investment will allow the food delivery app to expand its tech team at its UK headquarters and reach new customers while continuing to develop its Editions ‘dark kitchens’. Amazon joins other investors such as T. Rowe Price, Fidelity Management and Research Company, and Greenoaks in raising a total of $1.53 billion (£1.2 billion). Deliveroo plans to create more high-skilled jobs and introduce new app tools for restaurant partners and riders following the funding round. Will Shu, founder and CEO of Deliveroo, said: ‘This new investment will help Deliveroo grow and offer customers even more choice tailored to their personal tastes, provide greater opportunities for restaurants to expand their businesses, and create more flexible, well-paid work for riders.’ Doug Gurr, Amazon UK Country Manager, added: ‘We’re impressed with Deliveroo’s approach and 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.’
Factuality Level: 10
Factuality Justification: The article provides accurate information about the investment received by Deliveroo from Amazon, the purpose of the funding, and quotes from relevant parties involved. It does not contain any irrelevant or misleading details, sensationalism, redundancy, personal opinions presented as facts, invalid arguments, or logical errors.
Noise Level: 3
Noise Justification: The article provides relevant information about Deliveroo’s investment from Amazon and its plans for expansion and job creation. It also includes quotes from key figures in the companies. However, it lacks in-depth analysis or exploration of potential consequences or long-term trends.
Financial Relevance: Yes
Financial Markets Impacted: Deliveroo’s stock price and Amazon’s investment portfolio
Financial Rating Justification: The article discusses a significant investment by Amazon in Deliveroo, which is related to financial markets as it impacts the companies’ stocks and portfolios.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text.
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