Deliveroo 180m capital fidelity management 7b bradshaw
Deliveroo 180m capital fidelity management 7b bradshaw, the UK-based food delivery company, has recently raised £180m ($225m) in funding from Fidelity Management and Research Company and other investors. This brings the total amount of capital raised by the company to over £1.5bn ($1.9bn). The funding will be used to expand the company’s services and reach, as well as to invest in new technology and infrastructure. Body: Fidelity Management and Research Company led the funding round, which also included participation from existing investors such as T. Rowe Price, General Catalyst, and Index Ventures. The company plans to use the funds to expand its delivery services to more areas and to invest in new technology and infrastructure. Deliveroo has been expanding rapidly in recent years, with the company now operating in over 500 cities across 14 countries.
The company has also been investing heavily in new technology, including its own delivery-only kitchens, known as Editions. These kitchens allow the company to offer more diverse menus and faster delivery times. The latest funding round comes at a time when Deliveroo is facing increased competition from other food delivery companies such as Uber Eats and Just Eat. However, the company remains confident in its ability to compete, citing its focus on quality and customer service as key differentiators. 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’s latest funding round is a significant milestone for the company, which has been rapidly expanding its services and reach in recent years. With the support of Fidelity Management and Research Company and other investors, the company is well-positioned to continue its growth and investment in new technology and infrastructure. As competition in the food delivery market continues to heat up, Deliveroo remains focused on providing quality service and innovative solutions for its customers and restaurant partners.