The two partners joined forces to bring together the best of both worlds: Durable’s operational expertise and Bradshaw’s track record of successful investments. This partnership will enable Deliveroo to tap into the extensive networks and resources of these renowned investment firms, opening up new avenues for growth and market penetration. The company said it would spend the $180 million on expanding delivery-only kitchen sites, on-demand grocery deliveries and subscription services, as well as allowing more restaurants to take orders from their own websites. Deliveroo 180m Durable Fidelity Management 7b Bradshaw was founded in 2015 as a joint venture between Bradshaw and Singapore-based venture capital firm Durable Fidelity Management. The investment from Durable Capital and Fidelity not only provides financial backing but also brings valuable expertise and strategic guidance to the table. It did not state how much each investor had contributed in the latest funding round. UK based food delivery company Deliveroo has raised a further 180m from existing investors, valuing the company at more than 7bn as it heads to a sharemarket float later this year. investors Durable Capital Partners and Fidelity Management & Research.ĭeliveroo operates across 12 countries and regions, mostly in western Europe but also in Australia, Hong Kong, Singapore and the United Arab Emirates. The funding round brings Deliveroo’s valuation to 7 billion, making it one of the most valuable food delivery companies in the world. Investors: Leaps by Bayer, RA Capital Management, Sectoral Asset Management, Piper Heartland Healthcare Capital, Fidelity Management & Research Company. The internet giant's stake is not expected to increase as a result of its participation in the latest round of fundraising, which was led by U.S. Deliveroo, the UK-based food delivery company, has raised 180 million in funding from Durable Capital Partners and Fidelity Management & Research Company. "This investment will help us to continue to innovate, developing new tech tools to support restaurants, to provide riders with more work and to extend choice for customers," Deliveroo founder and chief executive Will Shu said.īritain's competition regulator approved Amazon's May 2019 purchase of a 16 percent stake in Deliveroo in August, overruling objections from local competitors Just Eat Takeaway and Domino's Pizza. Deliveroo said the new capital will enable the company to continue investing in developing the best proposition for consumers, riders, and restaurants and drive growth. British food-delivery company Deliveroo said on Sunday it had raised a further $180 million from existing investors, including minority shareholder Amazon, in a move that values the business at more than $7 billion.ĭeliveroo is set to hold an initial public offering in the coming months, in what would be the biggest new share issue in London for three years. It was led by Durable Capital Partners and Fidelity Management & Research Company.
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