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Uber Eats’ competitor expands through new acquisition

Jun 12, 2020

Uber Eats had also been trying to acquire Grubhub

food delivery

Uber Eats’ competitor expands through new acquisition. Source: shutterstock.com

According to Ecommerce News, Just Eat Takeaway, the Dutch-British meal delivery company, has acquired Grubhub, the US food delivery service.

The company has acquired 100% of Grubhub’s shares for a value of 6.4 billion.

In fact, Just Eat Takeaway and Grubhub will be available to customers in 25 different countries.?The operation will gather more than 70 million active customers globally, making Just Eat Takeaway the largest online food delivery company outside of China.

The report unveiled that Jitse Groen, CEO of Just Eat Takeaway will lead the combined business worldwide. Meanwhile, Grubhub’s founder and CEO Matt Maloney will join the management board and lead the businesses across North America.

Matt and I are the two remaining food delivery veterans in the sector, having started our respective businesses at the turn of the century, albeit on two different continents. Both of us have a firm belief that only businesses with high-quality and profitable growth will sustain in our sector. I am excited that we can create the world’s largest food delivery business outside Chinarn
Jitse Groen, CEO of Just Eat Takeaway

We’ve reported that Asda rolled out a new online platform where it sells food boxes, thus reaching out to vulnerable shoppers.

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