The Amazon-based food delivery app developer bumped its valuation up to $7bn in a series H round co-led by Fidelity and Durable Capital Partners.

Deliveroo, the UK-headquartered food delivery service that counts e-commerce firm Amazon as an investor, closed a $180m series H round yesterday at a valuation in excess of $7bn.

Investment and financial services group Fidelity Management & Research and private equity firm Durable Capital Partners co-led the round, which the company said is intended to be the last before it launches an initial public offering it has been planning for a few months.

Founded in 2013, Deliveroo runs an app-based…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.