JUST EAT plc launched in Denmark in 2001 and was traded publicly on the London Stock Exchange.
Foodpanda.in, India’s largest online food ordering platform has announced the acquisition of JUST EAT in a bid to expand its market leadership in one of the biggest food delivery markets in the world. The company has recently acquired food delivery business TastyKhana.in.
Ritesh Dwivedy, CEO, JUST EAT India, said, “Foodpanda has built a great company in India and around the globe, and we are very excited to partner with them going forward. We believe that we can combined bring an even better service to our customers in India”.
In exchange to the sale, JUST EAT plc receives a minority holding in foodpanda.in. foodpanda India will assume full ownership of JUST EAT India.
JUST EAT plc launched in Denmark in 2001 and was traded publicly on the London Stock Exchange. Their Indian business was launched as Hungry Bangalore in 2006. It was renamed in 2011 when JUST EAT acquired a majority share in the business. Today, the company partners with over 2,000 restaurants. The current management’s local experience and knowledge will further add to the expertise of foodpanda and TastyKhana teams in India.
Rohit Chadda, Co-Founder and Managing Director, Foodpanda India said "These are exciting times for us. There has been a tremendous response to our brand & service, and with this acquisition we're confident that when people think of food delivery, there will be just one answer - foodpanda."
Foodpanda, which operates in 39 countries across five continents globally, offers the most convenient way to order food to Indian customers and restaurant partners. Foodpanda.in has been present in the Indian market since May 2012. Together with TastyKhana and JUST EAT, Foodpanda is present in over 200 cities and partners with over 12,000 restaurants.