technology team: Deliveroo said it had raised a total of 1.5bn since it launched in 2013, according to The Guardian. Deliveroo will use the funding, which values the business at as much as 4bn, to invest heavily in expanding its technology team at its London headquarters, further expand its geographic reach and open more of its delivery-only kitchens. The online giant is the lead investor in a 575m 450.8m financing round, which also includes the existing investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks. Pret a Manger in talks to gobble up Eat to fuel expansion Read more Significantly, Deliveroo said it would also use funds to develop new tools to offer riders flexible and well-paid work . The company has been heavily criticised for its treatment of the 60,000 riders who make its deliveries. Will Shu, the founder and chief executive of Deliveroo, said the investment would result in the creation of more jobs in all of the countries in which it operates. Riders are not employed directly and are paid per delivery.
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