Just Eat Takeaway

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Just Eat Takeaway.com NV
TypeNaamloze vennootschap
EuronextTKWY
LSEJET
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, Spain, Switzerland, United Kingdom
Outside Europe: Australia, New Zealand, Israel, Canada [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, Menulog, SkipTheDishes, Grubhub
Websitewww.justeattakeaway.com

Just Eat Takeaway.com N.V., formerly Thuisbezorgd.nl, and Takeaway.com, is a Dutch dot-com company specialising in online food ordering and home delivery. Takeaway.com is an intermediary online portal between the customer and the restaurants, where customers can order food online from restaurants’ menus, and have it delivered by the restaurants directly to their home.[4] Following clearance by the UK's Competition and Markets Authority on 22 April 2020, Takeaway.com merged with British food delivery service Just Eat, in February 2020.[5]

It is listed on Euronext Amsterdam and the London Stock Exchange and has been a constituent of the FTSE 100 Index since it acquired Just Eat in February 2020.

History[edit]

Jitse Groen, 2015

The website was created by Jitse Groen in 2000 after finding out how hard it was to find local restaurant menus online.[6]

The company benefited from an investment of €13 million from Prime Ventures - a venture capital and growth equity firm in 2012.[7] It began accepting Bitcoin in November 2013.[8][9] It benefited from another investment of €74 million in a series B-round led by Macquarie Capital and Prime Ventures in 2014.[10] It also launched its new logo in all of their countries.[11] It then raised €328 million from an IPO, valuing the company at €993 million, in 2016.[12] In August 2016 it stopped doing business in the UK, selling its customer portfolio to rival Just Eat.[13]

In 2017 Pizza.be rebranded to Takeaway.com in Belgium.[14] In 2018, the commission for using the platform from was increased from 12% to 13%.[15] The same year, Takeaway.com acquired Israeli food delivery company 10bis (Hebrew: תן ביס‎) for €135 million[16] as well as local Bulgarian startup BGmenu.com, including its Romanian subsidiary Oliveira.ro[17] and in 2019 it acquired Lieferheld, Pizza.de and Foodora in Germany from Delivery Hero.[18]

In July 2019 Takeaway.com announced proposals to take over Just Eat.[19] In January 2020 80.4% of Just Eat shareholders approved Takeaway.com's deal to acquire Just Eat.[20] Although Just Eat became a subsidiary of Takeaway.com on 3 February 2020, the British Competition and Markets Authority ordered on 4 February 2020 that no integration should take place and that the brands should be kept separate until their investigation is completed.[21]

On 22 April 2020 the Competition and Markets Authority announced it was unconditionally approving Just Eat's merger with Takeaway.com, following an investigation.[22] On 11 June, the company announced that it would acquire, in an all-stock transactions, US-based Grubhub - valuing the deal at $7.3 billion.[23]

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.[24]

Operations[edit]

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.[25]

Local brands[edit]

The company operates under different brand names in different countries.[26]

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
Colombia ifood.com.co comeya.co
Denmark just-eat.dk
France just-eat.fr pizza.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
Spain just-eat.es
Switzerland eat.ch lieferservice.ch

takeaway.com/ch

United Kingdom just-eat.co.uk
United States grubhub.com

See also[edit]

References[edit]

  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. ^ "How the former student becomes the largest home delivery player in the world". Talk Finance. 30 July 2019. Retrieved 10 January 2020.
  7. ^ "Takeaway.com raises €13 million in funding from Prime Ventures". Prime Ventures. 1 January 2012. Retrieved 10 January 2020.
  8. ^ "Thuisbezorgd accepteert betalingen via Bitcoin (Thuisbezorgd.nl starts accepting payments in Bitcoin)". Nu.nl (in Dutch). 5 November 2013. Retrieved 5 November 2013.
  9. ^ "Ten places where you can spend your bitcoins in the UK". Telegraph.co.uk. 10 January 2014. Retrieved 14 February 2015.
  10. ^ "Takeaway.com - About us - News archive". takeaway.com. Retrieved 14 February 2015.
  11. ^ "Takeaway.com - About us - News archive". takeaway.com. Retrieved 14 February 2015.
  12. ^ Lunden, Ingrid. "Food delivery startup Takeaway.com raises $368M in IPO, valuing it at $1.1B". TechCrunch. Retrieved 2016-09-30.
  13. ^ "Takeaway sells British Just Eat". Silicon Canals.
  14. ^ Rasking, Johan. "Pizza.be wordt Takeaway.com". De Standaard (in Dutch). Retrieved 2017-02-26.
  15. ^ "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.
  16. ^ "Takeaway.com buys Israeli food delivery co 10bis for €135m". Globes. 29 July 2018. Retrieved 2 January 2019.
  17. ^ Keane, Jonathan (2018-02-23). "Takeaway.com acquires Bulgaria's BGmenu for €10.5 million". Tech.eu. Retrieved 2019-10-25.
  18. ^ "Delivery Hero sells German operations to Takeaway.com". FT.com. 1 December 2018. Retrieved 10 January 2010.
  19. ^ Kollewe, Julia (2019-07-29). "Just Eat agrees £9bn merger with Takeaway.com". The Guardian. ISSN 0261-3077. Retrieved 2019-07-29.
  20. ^ "Just Eat battle ends with Takeaway.com as victor". BBC. 2020-01-10. Retrieved 2020-01-10.
  21. ^ "Just Eat takeover by Takeaway.com to be investigated by competition watchdog". Sky News. 24 January 2020. Retrieved 6 February 2020.
  22. ^ Phillips, Rob. "Takeaway issues shares after UK competition watchdog gives Just Eat buy approval". Platform Executive. Retrieved 23 April 2020.
  23. ^ Sterling, Toby; Roumeliotis, Greg (June 11, 2020). "Europe's Just Eat Takeaway to buy Grubhub for $7.3 billion". Reuters – via Reuters UK.
  24. ^ "Just Eat serves up league-wide UEFA sponsorship". Insider Sport. Retrieved 22 March 2021.
  25. ^ "Who we are". Takeaway.com. Retrieved 23 September 2012.
  26. ^ "Takeaway.com". Takeaway.com. Retrieved 23 September 2012.