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VOL. 43 | NO. 20 | Friday, May 17, 2019

Amazon takes top stake in UK food delivery firm Deliveroo

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LONDON (AP) — Amazon is investing in British meal delivery company Deliveroo, expanding its reach into food retailing.

Deliveroo said Friday that it raised $575 million from investors led by Amazon. It said Amazon will become Deliveroo's largest investor, though it did not disclose how much Amazon put in or how large a stake it acquired.

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 organization."

Deliveroo was founded in 2013 and has become one of the main so-called gig economy companies in Britain, with its brand visible on delivery scooters around the country. Besides Britain, it also operates in several countries in Europe and Asia, including Germany, France, Italy and Australia.

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