Technology has gradually seeped into the food industry and has revolutionised the entire segment starting from production to delivery. Europe has numerous food tech startups and some of them have achieved the status of unicorns. One such unicorn is UK-based food delivery giant Deliveroo, which is witnessing rapid growth.
Raised whopping €515M funding
In a recent development, Deliveroo has raised a whopping Series G funding of $575 million (nearly €515 million). This funding round was led by Amazon along with participation from existing investors Fidelity Management and Research Company, T. Rowe Price and Greenoaks.