Dubai Eye 103.8

On Air Now
The Music Mix
7:00pm - 11:00pm

Listen To Dubai Eye

Amazon leads $575 million investment in UK’s Deliveroo

Friday, 17 May 2019 11:26

123rf

Amazon.com Inc is leading a $575 million investment in UK food delivery app Deliveroo.

The London-based startup, which has raised $1.53 billion to date, is set to use the funds to further develop the company's technology and expand its reach.

Its existing investors are T. Rowe Price, Fidelity Management and Research Co, and Green oaks.

"We’re impressed with Deliveroo's approach, and their dedication to providing customers with an ever increasing selection of great restaurants along with convenient delivery options," said Doug Gurr, Amazon UK Country manager.

"(CEO) Will (Shu) and his team have built an innovative technology and service, and we're excited to see what they do next."

More from Business

OPEC+ agrees another accelerated oil output hike for June

Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
UAE and Greece in talks to enhance partnership

The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
TECOM Group sees solid start to 2025

TECOM Group has kicked off 2025 with strong results, reporting a 21 per cent jump in revenue to AED 680 million for the first quarter.
Emirates chairman discusses collaboration with PayPal leadership team

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
US tariffs show 'no negative impact' at DXB, says Paul Griffiths

The sweeping new US tariffs has had no "negative impact" on DXB, airport's CEO Paul Griffiths said, but added that with the "volatility of the situation, it's far too soon to comment".

Coming Up on Dubai Eye

The Music Mix
11:00pm - 10:00am

Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need
The Reboot
10:00am - Noon

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!