London: Deliveroo Hero SE has raised more than $180 million in its latest funding round, valuing the UK online food delivery company at over $7 billion, according to a company statement.
The investment comes as the Amazon.com Inc.-backed firm eyes a potential listing this year, which is expected in or around April.
The funding round, led by existing shareholders Durable Capital Partners LP and Fidelity Management & Research Company LLC, pegs the startup's valuation on a par with U.K. blue-chip grocer J Sainsbury Plc's market capitalization and eclipses that of Wm Morrison Supermarkets Plc.
As lockdowns restrict people's movement and businesses close, food delivery firms like Deliveroo and Just Eat Takeaway.com NV saw a boost as consumers ordered takeaways from home.