Just Eat Limited is a British on-line meals order and transport carrier situated in 2001 in Kolding, Denmark. It acts as an intermediary between independent takeaway food retailers and customers.
According to their website, it is headquartered in London, England and operates in thirteen international locations throughout Europe, Asia, Oceania and the Americas. The platform allows clients to search for neighborhood takeaway restaurants, location orders and pay online, and to pick from pick-up or transport options.
It was once listed on the London Stock Exchange until it was once received by Takeaway.com in February 2020, the two groups had been merged into Just Eat’s guardian company,Just Eat Takeaway.com, which changed Just Eat’s record on the London Stock Exchange.
Just Eat History:
Five Danish entrepreneurs, together with Jesper Buch, situated Just Eat in Denmark in 2000 and launched the carrier in August 2001.
In 2005 the science entrepreneur Bo Bendtsen (co-founder) offered out all the founders and preliminary buyers aside from Jesper Buch and moved the enterprise to the UK. Jesper Buch moved to the UK as phase of the buyout in 2006 and employed Welsh govt David Buttress to be a part of as CEO and co-founder of Just Eat UK in March.
The global enlargement from the UK headquarters, beginning with the Netherlands, launched in July 2007 and used to be accompanied through Ireland in April 2008.
In January 2011, Just Eat hooked up a joint task in India. February, the Group raised £30 ($48) million from their Series B investment, enabling it to make 7 acquisitions in the subsequent yr
In April 2012
Just Eat similarly consolidated its function in the UK by means of obtaining fillmybelly.com. A week later, Just Eat introduced its £40 ($64) million Series C funding round.
The cash had been partly used to launch the Don’t Cook rebranding marketing campaign in the UK and to accumulate in October its fundamental competitor in Spain, SinDelantal.
After almost 5 years at the helm of Just Eat, the team CEO Klaus Nyengaard stepped down in February 2013 and used to be changed in May with the aid of former UK MD, David Buttress.
In February 2017, Buttress introduced he would be leaving as CEO after 4 years, due to “urgent household matters”. He continues on the company’s board as a non govt director, and has in view that taken up a function with Newport, Wales based rugby side Dragons as their CEO.
His departure was once cited by using enterprise commentators as a “significant loss” for the business, with Buttress having been “one of the UK’s stand out entrepreneurs of the remaining decade”.
On 22 April 2020, The UK’s Competition and Markets Authority announced it was once unconditionally approving Just Eat’s merger with Takeaway.com, following an investigation.
On two March 2022, in a response to its announcement of losses, Just Eat Takeaway published plans to exit from Portugal, Brazil and Norway from 1 April 2022.
Just Eat Ireland
Just Eat Ireland launched in April 2008. In November, Just Eat received 250 eating places from Eatcity.ie. Just Eat Ireland these days commissioned financial consultants DKM to raise out lookup on the Irish restaurant enterprise and observed that almost €1.5bn was once spent on takeaway/delivered meals with the aid of Irish shoppers in 2015.
DKM stated that takeaway offerings presently account for 57% of restaurant income and the zone is probable to develop by means of 17% in the subsequent 4 years.
Just Eat entered into the North American market in July 2009, bolstering its Canadian operations with the acquisition of YummyWeb (Vancouver) in April 2011, GrubCanada (Ontario) in October 2011 and OrderIt.ca in July 2015.
In December 2016, Just Eat acquired SkipTheDishes for an initial, C$110 million. A similarly money quantity of up to C$90 million can also additionally be payable, difficulty to positive monetary goals being met in 2018 and 2019. Just Eat’s current Canadian operations had been in consequence folded into the SkipTheDishes brand.
SkipTheDishes operates a meals shipping provider that approves clients to order from a range of neighborhood and country wide chain eating places the usage of the SkipTheDishes internet site or cellular telephone app. The provider is broadly accessible throughout most large centres in each and every province in Canada.
Skip used to be current in a constrained variety of American cities including St. Louis, Omaha,& Buffalo,& Cleveland, Columbus, and Cincinnati, however exited the US market in 2019. SkipTheDishes is headquartered in Winnipeg,Manitoba.
Just Eat India was once situated on 26 July 2006, as HungryBangalore, with the aid of Ritesh Dwivedy. In August 2008, HungryBangalore used to be renamed as HungryZone.
HungryZone acquired a first spherical of funding raised from the Indian Angel Network. On 17 January 2011, HungryZone introduced a partnership with Just Eat.
Just-Eat offered a 60% stake in HungryZone. Just Eat disposed of its shares in its India commercial enterprise in January 2015.
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Just Eat Investment
In July 2009, Just Eat acquired their first Series A & investment funding. Ventures and VCapital they invested £10.5 million into Just Eat Ltd.
The new funding capital enabled Just Eat to make bigger their growth into different markets and similarly advance the business. March 2011 a 2nd spherical of funding noticed two main US mission capitalists,
In April 2012, a 0.33 spherical of funding saw Vitruvian Partners and current backers, Index Ventures, Greylock Partners and Redpoint Ventures, make investments a in addition £40 million in Just Eat Holdings Ltd.
January 2019, the employer sold Flyt, the startup with software program for eating places and meals suppliers. The acquisition price £22 million.
In May 2014, it used to be introduced that Just Eat would be the essential shirt sponsor for Derby County Football Club for the 2014–15 season. The sponsorship lasted for three years till the cease of the 2016–17 season.
On 1 July 2015, Just Eat grew to become the important shirt sponsor for Oud-Heverlee Leuven for the 2015–16 season. In spite of the relegation of the crew to the Belgian First Division B,
Just Eat and OH Leuven introduced on 19 May 2016 that they would proceed their partnership, though Just Eat would no longer characteristic on the the front however instead on the again of shirts for the 2016–17 season.
In the UK, Just Eat fees eating places £699 to be a part of the service, and for every order positioned thru the internet site or cell app, a 13-14% commission.Over 90% of the company’s income comes from the commissions.
Although Just Eat requires eating places to grant proof of registration with their nearby council when becoming a member of the service, a 2017 audit observed 35 unlicensed eating places with no hygiene rating.
In October 2018, a BBC investigation had determined that 1/2 of the takeaway retailers in England rated zero for hygiene by using the Food Standards Agency in Manchester, Bristol and London regarded on the Just Eat app.
In December 2021, Just Eat has partnered with to be a part of the grocery shipping industry, marking the company’s first partnership with a grocery store in the United Kingdom.