Just Eat

Online food order and delivery service.

Launch date

Jan 2001

Market cap

Enterprise valuation

AUD15.5b (Public information from Aug 2019)

Company register number 6947854

London England (HQ), Kolding Region of Southern Denmark (founding location)

https://www.justeatplc.com/

https://twitter.com/justeatuk https://www.facebook.com/justeat

Revenues, earnings & profits over time

GBP	2015	2016	2017	2018	2019	2020	2021
Revenues	248m	376m	546m	780m	-	1.3b	-
% growth	58 %	52 %	45 %	43 %	-	-	-
EBITDA	59.7m	115m	164m	174m	182m	224m	-
% EBITDA margin	24 %	31 %	30 %	22 %	-	18 %	-
Profit	23.1m	71.7m	(103m)	82.0m	20.0m	79.0m	-
% profit margin	9 %	19 %	(19 %)	11 %	-	6 %	-
EV / revenue	-	-	9.1x	5.0x	-	4.6x	-
EV / EBITDA	-	-	30.2x	22.4x	-	26.1x	-
R&D budget	-	-	27.5m	46.7m	64.2m	-	-
R&D % of revenue	-	-	5 %	6 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
-	Axon Partners Group KICKASS Capital Adm Ventures	N/A	-
Jul 2009	Index Ventures Venrex	£5.0m	Series A
Feb 2011	Redpoint Ventures 83North	£15.0m	Series B
Apr 2012	Index Ventures Redpoint Ventures Vitruvian Partners 83North	£35.0m	Series C
Apr 2014	N/A	£360m Valuation: £1.5b	IPO
May 2015	N/A	N/A	Post IPO Equity
Aug 2019	Just Eat Takeaway	$6.0b Valuation: $10.0b 9.7x EV/LTM Revenues 43.5x EV/LTM EBITDA	Merger
Total Funding		AUD112m

ACQUISITION by Just Eat Feb 2015

Just Eat Takeaway

exited

Clicca e Mangia

ACQUISITION by Just Eat Jun 2015

ACQUISITION by Just Eat Sep 2016

ACQUISITION by Just Eat Feb 2016

ACQUISITION by Just Eat Feb 2016

ACQUISITION by Just Eat Dec 2016

ACQUISITION by Just Eat Jun 2015

BUYOUT by Prosus Aug 2022

ACQUISITION by Just Eat Apr 2019