Just-Eat.com
Online food ordering and delivery marketplace intermediary.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| Total Funding | 000k | ||
| EUR | 2021 | 2022 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 12 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | (1 %) | 8 % |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
Just Eat is a global online food delivery marketplace that acts as an intermediary connecting customers with local restaurants. The company was founded in Kolding, Denmark, in 2001 by five entrepreneurs, including Jesper Buch. The service commercially launched in August 2001. In 2005, the company was relocated to the UK, and in 2006, David Buttress was appointed CEO of Just Eat UK. A significant milestone occurred in 2020 when Just Eat merged with the Dutch company Takeaway.com, founded by Jitse Groen, to form Just Eat Takeaway.com, one of the world's largest food delivery companies outside of China. The combined entity is headquartered in Amsterdam.
The platform's business model is primarily commission-based, charging partner restaurants a percentage for each order facilitated through its website or mobile app. Additional revenue is generated from administration fees for joining the service, delivery fees, and promoted placements that allow restaurants to increase their visibility in search results. This model provides restaurants with access to a broader customer base and an online presence. Customers can search for local restaurants, browse menus, place orders, and pay online, with options for both delivery and pickup. The platform features real-time order tracking, user reviews, and various payment integrations.
Over the years, Just Eat has expanded through numerous acquisitions, including SkipTheDishes in Canada, Menulog in Australia and New Zealand, and SinDelantal and La Nevera Roja in Spain. In 2021, Just Eat Takeaway.com completed a major acquisition of the U.S.-based company Grubhub for $7.3 billion, marking its entry into the American market. However, by late 2024, the company agreed to sell Grubhub at a significant loss. Just Eat floated on the London Stock Exchange in 2014.
Keywords: online food delivery, restaurant marketplace, takeaway ordering, food delivery service, commission-based model, restaurant aggregator, digital intermediary, online ordering platform, local food delivery, mobile food app, meal delivery, customer convenience, restaurant partnerships, Just Eat Takeaway.com, food tech, e-commerce, global delivery, menu browsing, online payment, order tracking