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.
Deliveroo has raised more than $180 million in its latest funding round, valuing the U.K. online food delivery company at over $7 billion, according to a company statement.
U.K. Prime Minister Boris Johnson warned he may tighten the coronavirus lockdown if people don’t follow the rules as his government backed tougher enforcement.
(Bloomberg Opinion) In the biggest British retail deal of 2020, billionaire entrepreneurs Mohsin and Zuber Issa and private equity firm TDR Capital were the surprise winners of a majority stake in U.K. supermarket Asda, valuing it at 6.8 billion pounds ($9.3 billion).That augurs well for more supermarket mergers and acquisitions this year. Several other private equity groups considered taking control of Asda. They might now be tempted to put another U.K. grocer in their trolley.British supermarkets have seen strong sales growth during the pandemic, as people have been forced to cook and work at home. December 2020 was their busiest month on record, according to data provider Kantar. And with the U.K.’s new lockdown in place, that grocery buying should continue. Wm Morrison Supermarkets Plc, Britain’s fourth-largest grocer, said that as restrictions tighten, consumers have fewer spending alternatives and food sa