Just_Eat_Takeaway

Just Eat Takeaway.com

Just Eat Takeaway.com

Online food ordering company

This article is about the merged company since 2020. For the former company and current brand, see Just Eat.

Just Eat Takeaway.com N.V. (formerly Takeaway.com;[lower-roman 1] founded as Thuisbezorgd.nl)[lower-roman 2] is a Dutch multinational online food ordering and delivery company, formed from the merger of London-based Just Eat and Amsterdam-based Takeaway.com in 2020. It is the parent company of food delivery brands including Takeaway.com, Lieferando, Thuisbezorgd.nl, Pyszne.pl, 10bis in Israel, and those acquired from Just Eat, including SkipTheDishes and Menulog. Since the merger, the company has acquired Grubhub in the United States and Bistro.sk. Just Eat Takeaway operate various food ordering and delivery platforms in twenty countries,[4] 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.[5] The company also partners with IFood in Brazil and Colombia.[6]

Quick Facts Formerly, Company type ...
Logo used for the company's various brands

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, with Takeaway.com acquiring all of Just Eat's shares in issue.[7][8] It is listed on Euronext Amsterdam and the London Stock Exchange.

History

For further information on the history of Just Eat, see Just Eat § History.

Takeaway.com was created by Jitse Groen in 2000 after he had a difficult time ordering food online from local restaurants. 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.[9][10][11]

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.[9][10]

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.[12] It began accepting Bitcoin in November 2013.[13][14] 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.[15] It also launched its new logo in all of their countries.[16] It then raised €328 million (US$363.06 million) from an IPO, valuing the company at €993 million (US$1.1 billion), in 2016.[17] In August that year, it stopped doing business in the UK, selling its customer portfolio to rival Just Eat.[18]

In 2017, Pizza.be rebranded to Takeaway.com in Belgium.[19] In 2018, the commission for using the platform was increased from 12% to 13%.[20] The same year, Takeaway.com acquired Israeli food delivery company 10bis (Hebrew: תן ביס) for €135 million (US$149.43 million),[21] as well as local Bulgarian startup BGmenu.com, including its Romanian subsidiary Oliviera.ro;[22] and in 2019 it acquired Lieferheld, Pizza.de, and Foodora in Germany from Delivery Hero.[23]

In July 2019, Takeaway.com announced proposals to take over Just Eat.[24] In January 2020, 80.4% of Just Eat shareholders approved Takeaway.com's acquisition deal.[25] 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.[26]

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.[27] 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.[28]

In July 2020, the company was reported to be in talks with Prosus to sell its 33% stake, inherited from Just Eat, in Brazilian food delivery company iFood, which operates in Brazil and Colombia.[29][30] The company has a partnership with iFood in these two countries.[4]

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.[31]

On 16 July 2021, the company announced it would acquire Slovak market leader Bistro.sk, with the acquisition completed in October 2021.[32][33]

On 1 April 2022, the company left Norway and Portugal after announcing its departure in March.[34][35][36]

On 20 April 2022, Just Eat Takeaway announced it was considering a full or partial sale of Grubhub, of which it fully completed its purchase in 2021.[37][38] The consideration is based on investor pressure and decreased profits, with Just Eat Takeaway's entire market capitalisation lower than the price for Grubhub.[39]

On 1 June 2022, the company discontinued its Takeaway.com operations in Romania.[40][41]

On 19 August 2022, Just Eat Takeaway.com sold its 33% stake in iFood to Prosus (via Movile) for €1.8 billion.[42][43][11]

Operations

The company operates under different brand names in different countries.[4]

More information Country, Brand ...
More information Country, Brand(s) ...

See also

Notes

  1. Takeaway.com is still used as a brand name in some countries, it was the legal name for the company until 2020.
  2. Thuisbezorgd.nl is still used as the brand name in the Netherlands.

References

  1. [1]
    "Our markets". Just Eat Takeaway. Retrieved 4 February 2021.
  2. [2]
    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). Archived from the original on 8 September 2012. Retrieved 23 September 2012.
  3. [3]
    "Preliminary Results 2021" (PDF). Just Eat Takeaway. Retrieved 6 March 2022.
  4. [4]
    "Our Markets". justeattakeaway.com. Just Eat Takeaway.
  5. [5]
    "Der Unternehmer Jitse Groen will mehr Potsdamer Restaurants für seine Bestellplattform gewinnen". Märkische Allgemeine (in German). 18 September 2012. Retrieved 23 September 2012.
  6. [6]
    "About Just Eat Takeaway.com". justeattakeaway.com. Retrieved 23 June 2022.
  7. [7]
    "Just Eat merger with Takeaway.com cleared by competition regulator". Sky News. Retrieved 2020-09-25.
  8. [8]
    "Takeaway buys Just Eat for $7.8 billion, must wait to merge operations". Reuters. 2020-01-31. Retrieved 2022-06-15.
  9. [9]
    "'Ik had een idioot lange aanlooptijd nodig'". Emerce (in Dutch). Retrieved 2021-10-03.
  10. [10]
    "Jitse Groen – Oprichter en Algemeen Directeur Thuisbezorgd.nl |". Retrieved 2021-10-03.
  11. [11]
    "Takeaway sees stronger profitability in 2023 despite Q4 orders slump". Reuters. 2023-01-18. Retrieved 2023-08-30.
  12. [12]
    "Takeaway.com raises €13 million in funding from Prime Ventures". Prime Ventures. 1 January 2012. Retrieved 10 January 2020.
  13. [13]
    "Thuisbezorgd accepteert betalingen via Bitcoin (Thuisbezorgd.nl starts accepting payments in Bitcoin)". Nu.nl (in Dutch). 5 November 2013. Retrieved 5 November 2013.
  14. [14]
    "Ten places where you can spend your bitcoins in the UK". Daily Telegraph. 10 January 2014. Retrieved 14 February 2015.
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    "Takeaway.com - About us - News archive". takeaway.com. Retrieved 14 February 2015.
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    "Takeaway.com - About us - News archive". takeaway.com. Retrieved 14 February 2015.
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    Lunden, Ingrid. "Food delivery startup Takeaway.com raises $368M in IPO, valuing it at $1.1B". TechCrunch. Dublin: Yahoo! Inc. Retrieved 2016-09-30.
  18. [18]
    "Takeaway sells British Just Eat". Silicon Canals.
  19. [19]
    Rasking, Johan. "Pizza.be wordt Takeaway.com". De Standaard (in Flemish). Retrieved 2017-02-26.
  20. [20]
    "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.
  21. [21]
    "Takeaway.com buys Israeli food delivery co 10bis for €135m". Globes. 29 July 2018. Retrieved 2 January 2019.
  22. [22]
    Keane, Jonathan (2018-02-23). "Takeaway.com acquires Bulgaria's BGmenu for €10.5 million". Tech.eu. Retrieved 2019-10-25.
  23. [23]
    "Delivery Hero sells German operations to Takeaway.com". FT.com. 1 December 2018. Retrieved 10 January 2010.
  24. [24]
    Kollewe, Julia (2019-07-29). "Just Eat agrees £9bn merger with Takeaway.com". The Guardian. London. ISSN 0261-3077. Retrieved 2019-07-29.
  25. [25]
    "Just Eat battle ends with Takeaway.com as victor". BBC News. London. 2020-01-10. Retrieved 2020-01-10.
  26. [26]
    "Just Eat takeover by Takeaway.com to be investigated by competition watchdog". Sky News. London. 24 January 2020. Retrieved 6 February 2020.
  27. [27]
    Phillips, Rob. "Takeaway issues shares after UK competition watchdog gives Just Eat buy approval". Platform Executive. Retrieved 23 April 2020.
  28. [28]
    Sterling, Toby; Roumeliotis, Greg (June 11, 2020). "Europe's Just Eat Takeaway to buy Grubhub for $7.3 billion". Reuters – via Reuters UK.
  29. [29]
    "Prosus plans to buy Just Eat Takeaway stake in Brazil's iFood – Bloomberg". www.spglobal.com. Retrieved 2022-06-25.
  30. [30]
    Prinsloo, Loni; Balezou, Myriam (2020-07-01). "Prosus Is Said in Talks to Buy Just Eat Stake in Brazil's IFood". São Paulo. Bloomberg News. Retrieved 2022-06-25.
  31. [31]
    Hunt, Holly. "Just Eat serves up league-wide UEFA sponsorship". Insider Sport. Retrieved 22 March 2021.
  32. [32]
    Ghouri, Farah (2021-07-16). "Just Eat acquires Slovakian food delivery as global expansion continue". City A.M. London: THG plc. Retrieved 2022-01-07.
  33. [33]
    "Just Eat Takeaway.com completes acquisition of Slovakian market leader Bistro.sk" (Press release). Amsterdam: Just Eat Takeaway.com. 1 October 2021. Retrieved 23 June 2022.
  34. [34]
    Full Year 2021 Results (Report). Amsterdam: Just Eat Takeaway.com. 2 March 2022. Retrieved 23 June 2022.
  35. [35]
    "Just Eat loss smaller than expected, to exit Norway Portugal". Sharecast. Retrieved 2022-06-23.
  36. [36]
    Williams, Holly (2022-03-02). "Just Eat sees losses widen but delivers £4.4bn in sales". The Independent. London. Retrieved 2022-06-23.
  37. [37]
    Browne, Ryan (2022-04-20). "Just Eat Takeaway is exploring a sale of Grubhub barely a year after buying the company". CNBC. New York: NBCUniversal. Retrieved 2022-06-23.
  38. [38]
    Patridge, Joanna (2022-04-20). "Just Eat Takeaway considers selling US arm Grubhub as orders fall". The Guardian. London. Retrieved 2022-06-23.
  39. [39]
    "Just Eat Takeaway explores Grubhub sale". Financial Times. London: Nikkei Inc. 2022-04-20. Retrieved 2022-06-23.
  40. [40]
    "Just Eat Takeaway.com to discontinue platform and delivery operations in Romania" (Press release). Amsterdam: Just Eat Takeaway.com. 10 May 2022. Retrieved 23 June 2022.
  41. [41]
    andreich (2022-05-11). "Delivery platform Takeaway leaves Romania after failing to penetrate the market". Romania Insider. Retrieved 2022-06-23.
  42. [42]
    "Just Eat Takeaway sells stake in Brazil's iFood for up to €1.8bn". Financial Times. London: Nikkei Inc. 2022-08-19. Retrieved 2022-08-20.
  43. [43]
    Sterling, Toby (2022-08-19). "Just Eat Takeaway soars on $1.8 billion iFood stake sale to Prosus". London. Reuters. Retrieved 2022-08-20.
  44. [44]
    "Just-Eat Canada acquires YummyWeb in Vancouver" (Press release). Amsterdam: Just Eat Takeaway.com. Archived from the original on 15 September 2015. Retrieved 24 April 2015.
  45. [45]
    "Just-Eat Canada acquires GrubCanada" (Press release). Amsterdam: Just Eat Takeaway.com. Archived from the original on 5 May 2014. Retrieved 24 April 2015.
  46. [46]
    "Online food delivery giant Just Eat acquires rival Orderit.ca". Financial Post. Toronto: Postmedia Network. The Canadian Press. 20 July 2015.
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