Venture Capital
Insider previously reported that Deliveroo may target an IPO valuation above $13 billion. : Amazon-backed food delivery firm Deliveroo is now valued above $7 billion after raising $180 million in fresh capital. The new round was led by two of Deliveroo's existing backers, Durable Capital Partners and Fidelity. Both are investors that put money into public as well as private firms. UK-headquartered Deliveroo, which has experienced a boom in custom amid national lockdowns, also on Sunday confirmed plans for a stock market debut. The company, though run by American CEO Will Shu, is expected to list on London's Stock Exchange.

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