Just Eat Takeaway

Takeaway.com was created by Jitse Groen in 2000 after he had a difficult time ordering food online from local restaurants. Initially, Groen wanted to deliver all kinds of consumer goods; however, he noticed that food deliveries had the most demand, and decided to make this the company's primary focus.

In 2002, co-founder Ruben Eilander quit Takeaway because the business was growing slowly. According to Groen, in these early years, he was relying on his student loans to keep himself financially afloat. Thanks to broadband internet becoming mainstream around 2003, the business started growing massively, and Groen decided to quit his studies to focus on the company.The company benefited from an investment of €13 million from Prime Ventures—a venture capital and growth equity firm—in 2012. It began accepting Bitcoin in November 2013. It benefited from another investment of €74 million in a series B-round led by Macquarie Capital and Prime Ventures in 2014. It also launched its new logo in all of their countries. It then raised €328 million from an IPO, valuing the company at €993 million , in 2016. In August that year, it stopped doing business in the UK, selling its customer portfolio to rival Just Eat.In 2017, Pizza.be rebranded to Takeaway.com in Belgium. In 2018, the commission for using the platform was increased from 12% to 13%. The same year, Takeaway.com acquired Israeli food delivery company 10bis for €135 million , as well as local Bulgarian startup BGmenu.com, including its Romanian subsidiary Oliviera.ro; and in 2019 it acquired Lieferheld, Pizza.de, and Foodora in Germany from Delivery Hero.In July 2019, Takeaway.com announced proposals to take over Just Eat. In January 2020, 80.4% of Just Eat shareholders approved Takeaway.com's acquisition deal. Although Just Eat became a subsidiary of Takeaway.com on 3 February 2020, the British Competition and Markets Authority ordered on the following day that no integration should take place and that the brands should be kept separate until their investigation is completed.On 22 April 2020, the Competition and Markets Authority announced that it was unconditionally approving Just Eat's merger with Takeaway.com, following an investigation. On 11 June, the company announced that it would acquire, in an all-stock transaction, US-based Grubhub—valuing the deal at $7.3 billion.In July 2020, the company was reported to be in talks with Prosus to sell its 33% stake, inherited from Just Eat, in Brazilian food delivery company iFood, which operates in Brazil and Colombia. The company has a partnership with iFood in these two countries.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.On 16 July 2021, the company announced it would acquire Slovakian market leader Bistro.sk, with the acquisition completed in October 2021.On 1 April 2022, the company left Norway and Portugal after announcing its departure in March.On 20 April 2022, Just Eat Takeaway announced it was considering a full or partial sale of Grubhub which it fully completed its purchase of in 2021. The consideration is based on investor pressure and decreased profits, with Just Eat Takeaway's entire market capitalisation lower than the price for Grubhub.On 1 June 2022, the company discontinued its Takeaway.com operations in Romania.On 19 August 2022, Just Eat Takeaway.com sold its 33% stake in iFood to Prosus for €1.8 billion.