Food delivery upstart Deliveroo adds $98M to its Series F, now totals $480M –
Summary
We have asked, and Deliveroo would not name who is behind this latest infusion into the Series F. In addition to T. Rowe Price Associates and Fidelity Management & Research Company, the round includes a list of previous, top-shelf investors: DST Global, General Catalyst, Index Ventures, and Accel Partners along with unnamed, private investors. Yesterday, Postmates, one of the delivery hopefuls in the U.S., made its first move outside of the country, to Mexico City, after saying two years ago that it would come to London in 2016 (it never has). This has been a contentious issue for on-demand businesses in other countries, too, and here in the UK just last week Uber lost a case where drivers were determined, after all, eligible for employment rights. This isn’t the end, however: the Independent Workers Union of Great Britain, who brought the case against Deliveroo, can appeal the ruling. In the meantime, Deliveroo seems to be focusing more on how it can use this latest round to grow its business and the tech and logistics framework that runs it.