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Amazon denies lending money to Deliveroo amid investment probe

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Amazon denies lending money to Deliveroo amid investment probe

Amazon.com Inc. has denied lending money to Roofoods Ltd., which operates as Deliveroo, amid an ongoing probe into the e-commerce company's $575 million investment in the U.K.-based food delivery startup, Bloomberg News reported Jan. 14, citing the company.

The statement was in response to an earlier publication of the Bloomberg report, which said Amazon offered Deliveroo a loan to prevent the startup from running low on capital. The news outlet, citing people familiar with the matter, reported that Deliveroo is at risk of facing a cash crunch after the U.K.'s Competition and Markets Authority, or CMA, launched an investigation into the company's last funding round.

Amazon reportedly told Bloomberg in a statement that it continues to comply with the initial enforcement order from the CMA, which prohibits the companies from "entering into non-ordinary course agreements like a loan."

Deliveroo declined to comment, the news outlet said.

The CMA is expected to release its ruling on the probe by June 11.