A deliveroo worker cycles along a pedestrianised road in Liverpool, Britain, October 18, 2017. REUTERS/Phil Noble/File photo
LONDON: Amazon has taken a stake in British online food delivery company Deliveroo, leading a US$575mil (RM2.40bil) fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals.
The news the world’s biggest online retailer has bought into one of Europe’s fastest growing tech companies sent shockwaves through the sector, hitting shares in European rivals Just Eat, Takeaway.com and Delivery Hero.
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