Deliveroo raises $180 million in pre-IPO funding at a $7 billion valuation

UK-based food delivery giant Deliveroo this morning announced that it secured $180 million in growth funding by some of its prior backer, led by Durable Capital and Fidelity.

The Series H round, which comes before an expected IPO later this year, will serve for the company to double down on its investments in so-called cloud kitchens, on-demand grocery delivery, and its ‘Plus’ subscription service. It values Deliveroo at north of $7 billion, it said.

Valuation source: https://tech.eu/brief/deliveroo-series-h-funding/

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