Just Eat
 |
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| Public limited company | |
| Traded as | : |
| Industry | Online food ordering |
| Founded | 2001 |
| Headquarters | London, United Kingdom |
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Key people
|
John Hughes, (Chairman) David Buttress (CEO) |
| Revenue | £247.6 million (2015) |
| £35.5 million (2015) | |
| £23.0 million (2015) | |
| Website | Just-Eat.com |
Just Eat is an online food order and delivery service. It acts as an intermediary between independent take-out food outlets and customers. It is headquartered in the United Kingdom and operates in 13 countries in Europe, Asia, Oceania, and the Americas. The platform allows customers to search for local take-out restaurants to place orders online, and to choose from pick-up or delivery options.
It is listed on the and is a constituent of the FTSE 250 Index.
Jesper Buch founded Just Eat in Denmark in 2000 and launched the service in August 2001. In 2006, Jesper Buch moved to London and set up a team headed by sales director David Buttress and launched Just Eat UK in March. The international expansion from the UK headquarters started with the Netherlands launched in July 2007, and was followed by Ireland in April 2008.
In January 2011, Just Eat established a joint venture in India. In February, the Group raised £30 ($48) million from their Series B investment, allowing it to make 7 acquisitions in a year:
In April 2012, Just Eat consolidated its position in the UK by acquiring fillmybelly.com. A week later, Just Eat announced its £40 ($64) million Series C funding round. The funds were partly used to launch the Don't Cook rebranding campaign in the UK and to acquire in October its main competitor in Spain, SinDelantal.
After nearly five years at the helm of Just Eat, the group CEO Klaus Nyengaard stepped down in February 2013 and was replaced in May by former UK MD, David Buttress.
On 3 April 2014, Just Eat floated on the London Stock Exchange. In July, Just Eat increased to 80% its stake in Alloresto. In September, Just Eat merged its Brazilian business, RestauranteWeb, with one of its competitors, iFood, to form the joint venture IF-JE in which Just Eat has a 25% stake.
In February 2015, Just Eat sold to FoodPanda its investments in their Indian JV, and continued its expansion in the Americas by launching Mexico, via a 100% acquisition of SinDelantal, and increased its stake in IF-JE, the Brazilian JV with iFood.
In May 2015, Just Eat announced that it would buy Menulog, an Australian food ordering company for $855 million Australian dollars, and would fund the deal by issuing new shares.
In July 2015, Just Eat acquired Orderit.ca, a Canadian online food ordering company, further solidifying its presence in Canada.
In August 2016, Just Eat sold its operations in the Benelux (The Netherlands & Belgium) to its Dutch competitor Takeaway.com for €22.5 million euros.
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Wikipedia