Just-Eat Plans E-Takeout World Domination

The Next Web, Monday, April 30, 2012 11:47 AM
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Stateside, online food ordering services are experiencing varying degrees of success. Soon, however, they could all face a new threat from Just-Eat -- a fast growing UK-based startup, which just raised $64 million in funding from European private equity firm Vitruvian. Just the latest funding round for Just-Eat, the company’s top priority remains continued expansion into new markets.

“Commenting on the deal, Klaus Nyengaard, CEO of Just-Eat, explained that the investment will push the business forward into new countries and help diversify its services,” The Next Web writes. Said Nyengaard: “This new investment will help our continued expansion. Takeaway e-commerce has massive growth potential, and Just-Eat is at the forefront of changing the way people order food around the world.” Additional investors in the company’s third round included Index Ventures, Greylock Partners and Redpoint Ventures participate.

As TNW notes, the announcement comes less than a week after Just-Eat acquired rival Fillmybelly.com, the UK’s third-largest online takeaway site -- further illustrating “the site’s aggressive plans to expand.” Just-Eat currently provides its services in 13 countries around the world, offering customers a choice of 20,000 takeaway restaurants via its Web site.


Read the whole story at The Next Web »

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