Amazon sparks feeding frenzy in the takeaway food market

Amazon is re-entering the online takeaway market with a stake in Deliveroo – and it isn’t only rivals who should be worried. Matthew Partridge reports.

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Amazon considers Deliveroo a tasty morsel
(Image credit: gszeplaki@gmail.com)

UK food-delivery platform Deliveroo has announced that Amazon has become a major investor in its business through a new $575m funding round, notes Sam Shead in Forbes. This increases the overall amount invested in Deliveroo to $1.53bn, giving it "a war chest to cement its position" at home and financefurther growth. Amazon, meanwhile, is"buying its way back into the meal-delivery market", which is expected to be worth$365bn by 2030, after its own service,Amazon Restaurants, "floundered".

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri