Just Eat Holding Limited is a British online food ordering and delivery platform that operates in 13 countries across Europe, Asia, Oceania, and the Americas. The company was founded in 2001 by five entrepreneurs in Denmark, and it has since grown to become one of the largest food delivery companies in the world.
Just Eat allows customers to browse menus and place orders from restaurants in their local area. Once an order is placed, Just Eat sends the details to the restaurant, which then prepares and delivers the food to the customer. Just Eat makes money by charging restaurants a commission fee on each order placed through its platform.
Just Eat had over 200,000 restaurant partners and more than 33 million active users worldwide. The company’s revenue for the year ending December 31, 2020, was £2.47 billion, an increase of 54% compared to the previous year.
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Just Eat was founded in 2001 by five Danish entrepreneurs: Jesper Buch, Henrik Østergaard, Per Meldgaard, Klaus Nyengaard, and Christian Frismodt. The company initially operated as an online ordering platform for pizza delivery in Denmark, but it quickly expanded to include other types of cuisine and to operate in other countries.
In 2006, Just Eat merged with a similar company called Hungryhouse, which was founded in the UK in 2003. This merger allowed Just Eat to expand its operations in the UK, which has since become one of its largest markets. Just Eat also acquired several other companies over the years, including Australian food delivery platform Menulog in 2015 and Canadian food delivery platform SkipTheDishes in 2016.
In 2018, Just Eat merged with Amsterdam-based food delivery platform Takeaway.com in a deal worth £9 billion. The combined company, which is now known as Just Eat Takeaway.com, operates in 23 countries and has over 250,000 restaurant partners.
Just Eat’s primary business is its online food ordering and delivery platform. The company operates in 13 countries across Europe, Asia, Oceania, and the Americas, including the UK, Canada, Australia, New Zealand, and several European countries. Just Eat has over 200,000 restaurant partners worldwide and more than 33 million active users.
Customers can access Just Eat’s platform through its website or mobile app. Once on the platform, customers can browse menus and place orders from restaurants in their local area. Just Eat sends the order details to the restaurant, which then prepares and delivers the food to the customer. Customers can track the status of their order in real-time through the Just Eat app or website.
Just Eat makes money by charging restaurants a commission fee on each order placed through its platform. The commission fee varies depending on the country and the level of service provided by Just Eat. In some cases, Just Eat also charges customers a delivery fee.
Just Eat has also expanded into other areas. For example, the company offers a subscription service called Just Eat Plus, which gives customers free delivery and other perks for a monthly fee. Just Eat has also launched a B2B service that allows companies to order food for corporate events or meetings.
Just Eat had over 200,000 restaurant partners and more than 33 million active users worldwide. The company’s revenue for the year was £2.47 billion, an increase of 54% compared to the previous year. Just Eat’s gross transaction value (GTV), which measures the total value of orders processed through its platform, was £7.4 billion in 2020, up 42% from the previous year.
Just Eat’s operating profit for the year was £256 million, a significant increase from the previous year’s operating loss of £139 million. The company’s net income for the year was £180 million.
Just Eat has been able to grow rapidly in recent years due to the increasing popularity of online food ordering and delivery services. The COVID-19 pandemic also drove increased demand for food delivery as more people stayed home and restaurants closed or reduced their operations.
Just Eat faces stiff competition from other food delivery companies, including UberEats, Deliveroo, Grubhub, and DoorDash. These companies operate in many of the same markets as Just Eat and offer similar services. Just Eat has been able to maintain its position as one of the largest food delivery companies in the world by focusing on offering a wide range of restaurant partners and providing a simple, user-friendly platform for customers.
competition from other food delivery companies, Just Eat also faces regulatory challenges in some countries. For example, the UK government has proposed new regulations that would require food delivery companies to provide