Stephen McNeice
Stephen McNeice

10.32 17 May 2019


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Amazon is to invest millions in food courier Deliveroo.

The food delivery tech company announced it has raised $575 million in its latest round of funding - with Amazon leading the financing.

Other existing investors have also committed to further funding as part of the major financing round.

As part of the investment, Deliveroo is committing to further investment in its London headquarters.

The food delivery app's bosses say the new funds will help it offer customers more choice - and create "more flexible, well-paid work for riders".

Will Shu, founder and CEO of Deliveroo, said: "Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation.

"This is great news for the tech and restaurant sectors, and it will help to create jobs in all of the countries in which we operate."

Ireland is one of 14 countries in which Deliveroo operates.

A majority of the operations are in European countries, but its other markets include Australia, Hong Kong, Singapore, Taiwan, the United Arab Emirates and Kuwait.

It competes against other delivery apps such as Just Eat and Uber Eats.

Like other gig economy firms, Deliveroo has faced criticism over its approach to 'flexible' work - with the company's delivery 'riders' in several cities having taken part in strikes over low pay.

Last November, the UK high court ruled that riders are not entitled to collective bargaining.

Main image: File photo of Deliveroo logo. Picture by: Apaydin Alain/ABACA/ABACA/PA Images

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