Deliveroo secures $180m in funding as it prepares for IPO

London-based company valued at more than $7bn after Covid accelerates widespread use of services

Deliveroo has secured another $180m (£132m) of funding from shareholders including Amazon, in a move that values the takeaway delivery company at more than $7bn as it gears up for a blockbuster stock exchange listing.

Will Shu, Deliveroo’s founder and chief executive, said the London-based company would use the new cash from existing investors to improve the business for “consumers, riders and restaurants”, as he confirmed for the first time that the company was working on plans for an initial public offering (IPO).

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