Just-Eat Canada Inc.



Just-Eat Canada Inc.

October 25, 2011 08:00 ET

Just-Eat Canada Acquires GrubCanada

Canada's Largest Online Restaurant Ordering Service Gets Even Bigger, Now Offering +1,000 Restaurants Online

TORONTO, ONTARIO--(Marketwire - Oct. 25, 2011) - Toronto-based Just-Eat Canada Inc. (www.Just-Eat.ca), Canada's largest and fastest growing online food ordering service, has acquired the business of GrubCanada Inc. (www.GrubCanada.com). Just-Eat Canada is part of Just-Eat Group, the global leader in online food ordering.

With this acquisition, Just-Eat is able to offer online consumers access to over 1,000 delivery restaurants across the country, giving busy Canadians more options than ever for quick, timesaving delivery and takeout meals.

GrubCanada.com, one of Canada's original online food ordering services, was launched in 2008 by young entrepreneurs Howard Migdal and Ross Lipson. The company was recently highlighted on the hit Canadian television show, CBC's Dragon's Den in which the pair accepted an offer of $200,000 for 50% of the company from "dragon" Brett Wilson (the deal was never completed).

"Our acquisition of GrubCanada.com is an exciting step in strengthening our leadership as Canada's best, most convenient and reliable online food ordering service for consumers to order food over the Internet and by mobile phone," said David Power, Managing Director of Just-Eat.ca. "This deal adds to an exciting month for Just-Eat.ca, having just launched in Quebec with a bilingual website."

The acquisition of GrubCanada.com adds over 200 new neighbourhood restaurants in Ontario and British Columbia to Just-Eat Canada and is its second acquisition in 2011. Just-Eat Canada acquired Vancouver based YummyWeb.com in April.

About Just-Eat Canada

Just-Eat Canada (www.just-eat.ca), based in Toronto Ontario, is Canada's largest and fastest growing online restaurant/food order service. The Just-Eat.ca website enables local restaurants and customers to connect, offering a quick-and-easy food ordering service. There are currently +1000 restaurants online with Just-Eat.ca in Canada in major cities including Vancouver, London, Kitchener, Guelph, Toronto, Ottawa and Montreal.

About Just-Eat Group

The Just-Eat Group, (www.just-eat.com) founded in Denmark in 2000, is based in London and now is active in 13 countries around the globe. Just-Eat processes over 4 million orders per month worldwide for its 20,000 restaurant partners. Just-Eat Group recently completed a private equity financing of $48 million (US) with leading America private equity investors – Greylock Partners, Index Ventures, and Redpoint Ventures.

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