Deliveroo 180m Durable Partners Management 7b Bradshaw

Deliveroo, a London-based food delivery service, has raised $180 million in a Series E round of funding. This new funding round was led by Durable Capital Partners LP, with existing investors T. Rowe Price, Fidelity Management & Research Company LLC, and Greenoaks Capital also participating. This brings Deliveroo’s total funding to date to over $1.7 billion.

The funding will help Deliveroo expand its operations into new markets and continue to invest in its technology and operations. The company plans to use the funds to invest in its technology, to continue to expand the range of food and restaurant partners it works with, and to develop new products and services for customers.

The investment will also be used to further develop the company’s partner management and analytics tools. This will allow Deliveroo to better understand its restaurant partners and their preferences, enabling the company to provide them with tailored solutions to help drive growth.

“Deliveroo is an incredible success story that has grown from a tiny start-up to a leading global player in a few short years,” said Will Shu, CEO and co-founder of Deliveroo. “This latest round of funding will allow us to continue to invest in our technology, to further improve the experience for our customers and to continue to expand our operations into new markets.”

The company has also announced the appointment of former Amazon executive, Doug Bradshaw, as its new CFO. Bradshaw brings with him over 14 years of experience in financial and operational roles at Amazon.

“I am thrilled to be joining Deliveroo at such an exciting time in its development,” said Bradshaw. “I look forward to helping the team continue to build an innovative and customer-focused business.”

Deliveroo is one of the leading food delivery companies in the world and is present in over 200 cities across 12 countries. The company’s mission is to bring the world’s best food to everyone, everywhere. The company has experienced rapid growth over the past few years and has become a major player in the food delivery industry.

 FAQ

Q1. What is Deliveroo?

A1. Deliveroo is a London-based food delivery service that operates in over 200 cities across 12 countries. Through its app, Deliveroo allows customers to order from a wide range of restaurants and have their food delivered to their door.

Q2. How much funding has Deliveroo raised?

A2. Deliveroo has raised $180 million in a Series E round of funding, bringing its total funding to date to over $1.7 billion.

Q3. Who led the Series E round of funding for Deliveroo?

A3. The Series E round of funding for Deliveroo was led by Durable Capital Partners LP.

Q4. What will Deliveroo use the funding for?

A4. Deliveroo will use the funding to expand its operations into new markets, invest in its technology, and develop new products and services for customers.

Q5. Who is Deliveroo’s new CFO?

A5. Deliveroo’s new CFO is Doug Bradshaw, a former Amazon executive with 14 years of experience in financial and operational roles.

Conclusion

Deliveroo has raised $180 million in a Series E round of funding to expand its operations, invest in its technology, and develop new products and services for customers. This new funding round was led by Durable Capital Partners LP, with existing investors T. Rowe Price, Fidelity Management & Research Company LLC, and Greenoaks Capital also participating. Additionally, the company has appointed Doug Bradshaw, a former Amazon executive, as its new CFO. With this new funding and the appointment of a new CFO, Deliveroo is looking forward to continuing its rapid growth and expanding its operations into new markets.