Just Eat Takeaway

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For the subsidiary, see Just Eat.
Just Eat Takeaway.com NV
FormerlyTakeaway.com
TypeNaamloze vennootschap
Euronext: TKWY
LSE: JET
Nasdaq: GRUB
AEX component
IndustryOnline food ordering
Founded2000
FounderJitse Groen
HeadquartersAmsterdam, Netherlands
Area served
In Europe: Austria, Belgium, Bulgaria, Denmark, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Switzerland, United Kingdom
Outside Europe: Australia, New Zealand, Israel, Canada, United States[1]
Key people
BrandsJust Eat, Takeaway.com
RevenueIncrease €2,042 million (2020)[3]
Decrease €(107) million (2020)[3]
Decrease €(151) million (2020)[3]
SubsidiariesJust Eat, Takeaway.com, Menulog, SkipTheDishes, Grubhub
Websitewww.justeattakeaway.com

Just Eat Takeaway.com N.V. (formerly Takeaway.com) is a Dutch multinational online food ordering and delivery company based in Amsterdam, Netherlands. It is the parent company of brands including Takeaway.com, Just Eat, SkipTheDishes, Grubhub and Menulog. Just Eat Takeaway operate various food ordering and delivery platforms, where customers can order food online from restaurants’ menus, and have it delivered by restaurant or company couriers directly to their home or workplace using an app or website.[4]

Following clearance by the United Kingdom's Competition and Markets Authority on 22 April 2020, Takeaway.com merged with UK-based food delivery service Just Eat, in February 2020.[5] It is listed on Euronext Amsterdam, the London Stock Exchange, and the Nasdaq.

History[]

Takeaway.com was created by Jitse Groen in 2000 after he had a difficult time ordering food online from local restaurants.[6] Initially, Groen wanted to deliver all kinds of consumer goods; however, he noticed that food deliveries had the most demand, and decided to make this the company's primary focus.[6][7][8]

Jitse Groen, 2015

In 2002, co-founder Ruben Eilander quit Takeaway because the business was growing slowly. According to Groen, in these early years, he was relying on his student loans to keep himself financially afloat. Thanks to broadband internet becoming mainstream around 2003, the business started growing massively, and Groen decided to quit his studies to focus on the company.[7][8]

The company benefited from an investment of €13 million (US$16.7 million) from Prime Ventures—a venture capital and growth equity firm—in 2012.[9] It began accepting Bitcoin in November 2013.[10][11] It benefited from another investment of €74 million (US$98.31 million) in a series B-round led by Macquarie Capital and Prime Ventures in 2014.[12] It also launched its new logo in all of their countries.[13] It then raised €328 million (US$363.06 million) from an IPO, valuing the company at €993 million (US$1.1 billion), in 2016.[14] In August that year, it stopped doing business in the UK, selling its customer portfolio to rival Just Eat.[15]

In 2017, Pizza.be rebranded to Takeaway.com in Belgium.[16] In 2018, the commission for using the platform was increased from 12% to 13%.[17] The same year, Takeaway.com acquired Israeli food delivery company 10bis (Hebrew: תן ביס) for €135 million (US$149.43 million),[18] as well as local Bulgarian startup BGmenu.com, including its Romanian subsidiary Oliviera.ro;[19] and in 2019 it acquired Lieferheld, Pizza.de, and Foodora in Germany from Delivery Hero.[20]

In July 2019, Takeaway.com announced proposals to take over Just Eat.[21] In January 2020, 80.4% of Just Eat shareholders approved Takeaway.com's acquisition deal.[22] Although Just Eat became a subsidiary of Takeaway.com on 3 February 2020, the British Competition and Markets Authority ordered on the following day that no integration should take place and that the brands should be kept separate until their investigation is completed.[23]

On 22 April 2020, the Competition and Markets Authority announced that it was unconditionally approving Just Eat's merger with Takeaway.com, following an investigation.[24] On 11 June, the company announced that it would acquire, in an all-stock transaction, US-based Grubhub—valuing the deal at $7.3 billion.[25]

On 22 March 2021, Just Eat Takeaway.com became the sponsors of the UEFA men's club and women's competitions starting in the 2021-24 cycle after being awarded the first-ever sponsorship contract for the UEFA Euro 2020.[26]

On 16 July 2021, the company announced that completes acquisition of Slovakian market leader Bistro.sk.[27]

Operations[]

In 2012, the organisation was market leader in the Netherlands (market share of 90%) and Belgium (70%).[2] The website handles over 800,000 orders per month for 10,000 restaurants.[28]

Local brands[]

The company operates under different brand names in different countries.[29]

Country Brand/website Former brand/website
Australia and New Zealand Menulog
Austria lieferando.at lieferservice.at
Belgium takeaway.com/be pizza.be
Brazil ifood.com.br
Bulgaria takeaway.com/bg BGmenu.com
Canada SkipTheDishes Just Eat Canada
YummyWeb[30]
GrubCanada[31]
OrderIt.ca[32]
Colombia ifood.com.co comeya.co
Denmark just-eat.dk
France just-eat.fr alloresto.fr
Germany lieferando.de pizza.de
foodora.de
lieferservice.de
lieferheld.de
Ireland just-eat.ie
Israel 10bis.co.il
Italy justeat.it
Luxembourg takeaway.com/lu pizza.lu
Netherlands thuisbezorgd.nl
Norway just-eat.no
Poland pyszne.pl
Portugal takeaway.com/pt pizza.pt
Romania takeaway.com/ro oliviera.ro
Slovakia bistro.sk
Spain just-eat.es
Switzerland just-eat.ch lieferservice.ch
takeaway.com/ch
eat.ch
United Kingdom just-eat.co.uk
United States Grubhub
Seamless

See also[]

References[]

  1. ^ "Our markets". Just Eat Takeaway. Retrieved 4 February 2021.
  2. ^ a b George Groen (5 September 2012). "Eerste Belgisch avontuur Thuisbezorgd.nl duurde half jaar (First Belgian adventure Thuisbezorgd.nl lasted half a year)". Het Financieele Dagblad (in Dutch). Retrieved 23 September 2012.
  3. ^ a b c "Preliminary Results 2020". Just Eat Takeaway. Retrieved 10 March 2021.
  4. ^ "Der Unternehmer Jitse Groen will mehr Potsdamer Restaurants für seine Bestellplattform gewinnen". Märkische Allgemeine (in German). 18 September 2012. Retrieved 23 September 2012.
  5. ^ "Just Eat merger with Takeaway.com cleared by competition regulator". Sky News. Retrieved 2020-09-25.
  6. ^ a b "How the former student becomes the largest home delivery player in the world". Talk Finance. 30 July 2019. Retrieved 10 January 2020.
  7. ^ a b "'Ik had een idioot lange aanlooptijd nodig'". Emerce (in Dutch). Retrieved 2021-10-03.
  8. ^ a b "Jitse Groen – Oprichter en Algemeen Directeur Thuisbezorgd.nl |". Retrieved 2021-10-03.
  9. ^ "Takeaway.com raises €13 million in funding from Prime Ventures". Prime Ventures. 1 January 2012. Retrieved 10 January 2020.
  10. ^ "Thuisbezorgd accepteert betalingen via Bitcoin (Thuisbezorgd.nl starts accepting payments in Bitcoin)". Nu.nl (in Dutch). 5 November 2013. Retrieved 5 November 2013.
  11. ^ "Ten places where you can spend your bitcoins in the UK". Daily Telegraph. 10 January 2014. Retrieved 14 February 2015.
  12. ^ "Takeaway.com - About us - News archive". takeaway.com. Retrieved 14 February 2015.
  13. ^ "Takeaway.com - About us - News archive". takeaway.com. Retrieved 14 February 2015.
  14. ^ Lunden, Ingrid. "Food delivery startup Takeaway.com raises $368M in IPO, valuing it at $1.1B". TechCrunch. Retrieved 2016-09-30.
  15. ^ "Takeaway sells British Just Eat". Silicon Canals.
  16. ^ Rasking, Johan. "Pizza.be wordt Takeaway.com". De Standaard (in Flemish). Retrieved 2017-02-26.
  17. ^ "In het nieuws: Jitse Groen (CEO Takeaway.com)". MT.nl (in Dutch). 30 July 2018. Archived from the original on 29 August 2019. Retrieved 26 May 2020.
  18. ^ "Takeaway.com buys Israeli food delivery co 10bis for €135m". Globes. 29 July 2018. Retrieved 2 January 2019.
  19. ^ Keane, Jonathan (2018-02-23). "Takeaway.com acquires Bulgaria's BGmenu for €10.5 million". Tech.eu. Retrieved 2019-10-25.
  20. ^ "Delivery Hero sells German operations to Takeaway.com". FT.com. 1 December 2018. Retrieved 10 January 2010.
  21. ^ Kollewe, Julia (2019-07-29). "Just Eat agrees £9bn merger with Takeaway.com". The Guardian. ISSN 0261-3077. Retrieved 2019-07-29.
  22. ^ "Just Eat battle ends with Takeaway.com as victor". BBC. 2020-01-10. Retrieved 2020-01-10.
  23. ^ "Just Eat takeover by Takeaway.com to be investigated by competition watchdog". Sky News. 24 January 2020. Retrieved 6 February 2020.
  24. ^ Phillips, Rob. "Takeaway issues shares after UK competition watchdog gives Just Eat buy approval". Platform Executive. Retrieved 23 April 2020.
  25. ^ Sterling, Toby; Roumeliotis, Greg (June 11, 2020). "Europe's Just Eat Takeaway to buy Grubhub for $7.3 billion". Reuters – via Reuters UK.
  26. ^ "Just Eat serves up league-wide UEFA sponsorship". Insider Sport. Retrieved 22 March 2021.
  27. ^ "Just Eat acquires Slovakian food delivery as global expansion continue". City AM. 2021-07-16. Retrieved 2022-01-07.
  28. ^ "Who we are". Takeaway.com. Retrieved 23 September 2012.
  29. ^ "Takeaway.com". Takeaway.com. Retrieved 23 September 2012.
  30. ^ "Just-Eat Canada acquires YummyWeb in Vancouver". just-eat.com. Just Eat. Archived from the original on 15 September 2015. Retrieved 24 April 2015.
  31. ^ "Just-Eat Canada acquires GrubCanada". just-eat.com. Just Eat. Archived from the original on 5 May 2014. Retrieved 24 April 2015.
  32. ^ "Online food delivery giant Just Eat acquires rival Orderit.ca". 20 July 2015.
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