- Sector: Food & Drink
- Region: London
- Revenue: £150m to £200m
- Website: www.justeat.com
Just Eat has changed the takeaway food game entirely, and has evolved into the world’s leading digital marketplace for takeaway food delivery. It connects restaurants and consumers seamlessly with a secure platform on which to browse, choose and pay for food from local restaurants.
It now has 59,000 restaurant partners signed up and more than 11.5 million users, and is as firmly entrenched in British modern life as a trip to the local chippy on a Friday was ten years ago.
“You must have the right resources to handle the stresses that rapid growth inevitably brings. We have always met these head on”
The company operates in 15 countries worldwide but the UK is its largest market and London is its home.
Launched in 2006, the company floated on the stock market in 2014. This, says Group CEO David Buttress, gave the company the financial strength to reinvest in the business and make selective acquisitions.
“We’ve made bolt-on acquisitions to consolidate our leadership in several key markets, and made larger plays when opportunities to become immediate leaders in markets of scale have presented themselves,” says David.
Managing a fast-growing business brings big challenges as it scales up, and the company grew quickly even through the recession.
11.5m – The number of Just Eat users globally
“You need to make sure you have the right resources to handle the stresses that rapid growth inevitably brings,” says David. “We have always met these head on. In 2009, we accelerated our international expansion and are now clear leaders in 12 of our 15 markets.”
And the future looks ripe for more growth as the sector begins to expand globally.
“The overall size of the takeaway delivery market in countries we operate in is over £22.9bn, and we intend to grow our leadership positions by continuing to invest in our technology and our people,” says David. “Our workforce will undoubtedly grow as this takes place.”