Amazon has invested in UK food delivery startup Deliveroo in a massive $575 million fundraise

• Amazon has led a $575 million funding round in British food delivery startup Deliveroo.
• The news follows rumours that both Amazon and Uber were considering an acquisition of Deliveroo, a major rival to Uber Eats outside the US.
• The food delivery startup has raised $1.53 billion to date, making it one of the best-funded startups in Europe.
• Deliveroo was valued at $2 billion at its last fundraise.
• Visit BusinessInsider.com for more stories.

Amazon has taken a stake in British food delivery startup Deliveroo, acting as the main investor in a major $575 million round of financing.

The new funding takes the total raised by Deliveroo to $1.35 billion to date, making it one of the best funded startups in Europe.

Deliveroo has not confirmed its current valuation. The firm was last valued at $2 billion in a previous funding round, and Business Insider understands the company has been targeting a new valuation of at least $4 billion.

More follows.

Join the conversation about this story »

NOW WATCH: I tried $600 smart glasses and learned why they haven't replaced smartphones yet

Contributer : Tech Insider http://bit.ly/2JGsPA6

Something that you might miss to see?