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17.05.2019

Amazon invests in food courier

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Amazon has led a funding round in British online food delivery company Deliveroo as it was attracted by its "innovative technology service". The exact figure is unknown, but Amazon is the biggest investor in Deliveroo's latest round of fund raising, which in total raised $575m.

The world's biggest online retailer had taken a stake in British online food delivery company Deliveroo

Stocks impacted: Amazon (AMZN), Just Eat (JE)

Deliveroo founder and chief executive Will Shu said he was looking forward to working with "such a customer-obsessed organisation" like Amazon. Deliveroo delivers meals from over 80,000 restaurants and takeaway outlets in 14 countries. Shares of a smaller rival Just Eat plunged 10% on the news.

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