Deliveroo 180m capital partners fidelity 7b bradshaw, the UK-based food delivery company, has recently secured $180 million in funding from its existing investors, including Fidelity and T. Rowe Price. The company has been expanding its operations globally and this latest funding round will help it to continue its growth trajectory. In this article, we will explore the details of the funding round and what it means for Deliveroo.
Fidelity and T. Rowe Price lead $180m funding round: Deliveroo has raised $180 million in a funding round led by its existing investors, Fidelity and T. Rowe Price. The funding round also included participation from other existing investors, such as Accel, Index Ventures, and General Catalyst. The new funding brings Deliveroo’s total funding to date to over $1.5 billion. The funding will be used to expand Deliveroo’s operations globally, particularly in the Asia-Pacific region.
Where the company has been rapidly expanding its presence. The company has also been investing heavily in technology, such as its Editions platform, which allows restaurants to set up delivery-only kitchens in underutilized spaces. Deliveroo CEO Will Shu said in a statement, “This new investment will help Deliveroo to continue investing in the innovations that help restaurants to grow their businesses, to bring customers more choice than ever before, and to provide riders with more work.”
Deliveroo 180m capital partners fidelity 7b bradshaw latest funding round is a testament to the company’s success in the highly competitive food delivery market. With the support of its existing investors, Deliveroo will be able to continue its global expansion and invest in new technologies that will benefit both restaurants and customers. As the company continues to grow, it will be interesting to see how it competes with other major players in the industry, such as Uber Eats and Grubhub.