Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Amazon takes on Uber Eats with Deliveroo deal

Video Credit: Reuters Studio - Duration: 01:10s - Published < > Embed
Amazon takes on Uber Eats with Deliveroo deal

Amazon takes on Uber Eats with Deliveroo deal

Amazon is the leading investor in a new round of funding for UK-based delivery service Deliveroo, setting up a battle with Uber Eats.

Julian Satterthwaite reports.

0
shares
ShareTweetSavePostSend
 

Amazon takes on Uber Eats with Deliveroo deal

Amazon is riding into battle against Uber Eats.

The online giant is the lead investor in a new fund-raising round for Deliveroo.

575 million dollars raised in all for the UK-based food delivery service.

It competes directly with Uber's own takeaway delivery app.

Deliveroo has 60,000 riders delivering meals from 80,000 restaurants in 14 countries.

The latest funding round means it has raised just over 1.5 billion dollars in total.

As for Amazon, the deal shows it's still thinking about how to muscle in on food delivery.

A previous attempt to run its own service in the UK failed.

Now it's able to leverage the expertise of an established player.

Deliveroo plans to use the money to expand its reach and develop its technology.

The firm also intends to open its own kitchens, which will be rented to restaurants to meet demand.

And backing from Amazon will alarm competitors.

Shares in smaller rival Just East dropped as much as ten percent Friday (May 17) following the news.




You Might Like


Recent related videos from verified sources

Uber Eats to Test Drone Delivery Service in San Diego [Video]Uber Eats to Test Drone Delivery Service in San Diego

Uber is kicking off a pilot program this summer to offer fast food drone delivery in San Diego.

Credit: KSWB     Duration: 02:08Published

Need 2 Know: D-Day 75th Anniversary, Weirdest Delivery Orders [Video]Need 2 Know: D-Day 75th Anniversary, Weirdest Delivery Orders

These are the headlines you Need 2 Know for Thursday, June 6, 2019.

Credit: Cheddar Inc.     Duration: 09:26Published

Pizza With Nuts? The Wackiest Cravings Americans Have! [Video]Pizza With Nuts? The Wackiest Cravings Americans Have!

Uber Eats Cravings Report is unveiling all of our foodie quirks! Buzz60’s Maria Mercedes Galuppo has more.

Credit: Buzz60     Duration: 01:23Published

Uber And Lyft Do Way More Than Just Drive You Around [Video]Uber And Lyft Do Way More Than Just Drive You Around

Two angles facing left, which often indicate, "return to the beginning." Two angles facing right, which often indicate, "advance to the end." Uber and Lyft are doing more than just app-based taxi..

Credit: Wochit Business     Duration: 00:41Published

Challenging Food Delivery Services, Amazon Makes Major Investment in Deliveroo [Video]Challenging Food Delivery Services, Amazon Makes Major Investment in Deliveroo

Amazon has invested in a $575 million funding round for the London-based food delivery platform, Deliveroo, entering the e-commerce giant into a crowded market of competitors like Uber Eats, DoorDash,..

Credit: Cheddar Inc.     Duration: 01:48Published

Uber's CEO Is Optimistic About Eats Growth [Video]Uber's CEO Is Optimistic About Eats Growth

In a wide-ranging interview released prior to Uber's initial public offering, CEO Dara Khosrowshahi said that it's "a toss-up" as to whether Uber Eats becomes bigger and more profitable than its core..

Credit: Wochit Business     Duration: 00:47Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.