UK's food delivery startup Deliveroo raises another $98 million in funding

British food delivery startup Deliveroo added an additional $98 million (74.3 million pounds) to the existing $385 million (285 million pounds) it raised from investors in September 2017, bringing the round's total to $482 million (365 million pounds).

Investment management firm T. Rowe Price and financial services company Fidelity led the Series F round, with venture capital firm DST Global, peers General Catalyst, Index Ventures, and Accel Partners also taking part. The firm's valuation remains more than $2 billion (1.51 billion pounds).

Total investment in the company now stands at around $955 million (723 million pounds).

The company said in a statement that it planned to invest in three areas: its pop-up shipping crate kitchens for restaurants, technology such as artificial intelligence, and to enter the new markets.