The funding is the company’s largest ever round (and third in total) and it also saw Index Ventures, Greylock Partners and Redpoint Ventures participate. The announcement comes less than a week after Just-Eat acquired rival Fillmybelly.com, the UK’s third largest online takeaway site, and it shows the site’s aggressive plans to expand.
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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:
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. Vitruvian Partners has a long history of investing in the brightest mid-market businesses and taking them to the next level and we’re very excited it will be joining us as our new partner. This investment is also a sign of trust in all the smart and hardworking people in our company.
Mike Risman, managing partner at Vitruvian Partners, lauded Just-Eat as “already being the world’s biggest takeaway e-commerce provider” with the potential to grow for “many years to come”.
Just-Eat already provides its services in 13 countries around the world, offering customers a choice of 20,000 takeaway restaurants via its website. The acquisition of Fillmybelly.com saw it add another 1,400 UK restaurant partners to its service.