Amazon reports another fraud scheme in the platform The company says sellers fell victim to an “extensive” fraud scheme last year. Amazon is pouring millions of dollars into Deliveroo, a UK food delivery and courier service. Deliveroo is raising $575 million through the investment round, which was announced on Friday. Amazon is leading the investment push and other participants include T Rowe Price, Fidelity Management, Research Company, and Greenoaks. Featured Watch out, GoPro! DJI has its own action cam now, the Osmo Action 10 best cheap phones: $400 (or much less) buys an iPhone, Pixel, or Galaxy alternative Trump signs executive order banning US telcos from buying or using foreign gear Best gifts for graduates under $50 on Amazon Amazon is at the helm of the new Series G funding round, and as such, is expected to have contributed a substantial portion of the investment. See also: Amazon’s $50 Fire 7 tablet just got a big upgrade The Series G round builds upon previous attempts to raise funding. In total, the London-based delivery service has managed to raise $1.53 billion since 2014. Past investors include Index Ventures, Accel, Greenoaks, General Catalyst, and DST Global. Founded in 2012, Deliveroo has rapidly spread across the UK as a means to order food, alcohol, and goods from convenience stores with in-the-hour delivery. Now operating across 100 cities, vendors participating in the Deliveroo scheme receive and hand over customer orders to Deliveroo riders rather than hire their own delivery staff. This, in turn, has given… [Read full story]
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