Just-Eat Group

Just-Eat Group

April 13, 2011 12:00 ET

Just-Eat Canada Acquires YummyWeb in Vancouver

Canada's Largest and Fastest Growing Online Restaurant Ordering Service Acquires British Columbia's Preeminent Service

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 13, 2011) - Toronto based Just-Eat Canada, Canada's largest and fastest growing on-line food ordering service, has moved west with the acquisition announced today, of YummyWeb Inc., www.yummyweb.com, the leading online food ordering service in British Columbia. The acquisition will add 200 neighborhood restaurants in the Greater Vancouver area to Just-Eat Canada's current restaurant client base of over 600.

Just-Eat Canada, using the interactive elements of the internet, has created a whole new way of ordering food. Focusing on making restaurant owners happy and customers well-served, it has created a strong end-to-end system for online food ordering.

"The acquisition of YummyWeb is a key step towards growing our business in Western Canada. We will deliver our superior e-commerce and marketing support and a proven business model to independent restaurants in the Greater Vancouver area" said David Power, Managing Director of Just-Eat Canada.

"Our experience has proven that new partner restaurants will experience a 15-25% increase in revenues within the first year. Just-Eat Canada's solution provides them with e-commerce and internet capabilities enabling them to be active players in the online marketplace," Power added.

This acquisition follows the announcement last month by Just-Eat Canada's London based parent company, Just-Eat Holdings Ltd., of a $48 million (US) private equity financing with leading American venture capital investors. This sizable infusion of venture capital money will provide Just-Eat Canada with the capacity to support and expand its business across Canada.

About Just-Eat Canada

Just-Eat Canada, based in Toronto, is Canada's largest and fastest growing on-line restaurant ordering service. There are currently 600 neighborhood restaurants that partner with Just-Eat Canada.

About the Just-Eat Group

The Just-Eat Group, founded in Denmark in 2000, is based in London and now is active in ten countries around the globe. Just-Eat Group enables restaurants to access potential customers who when they visit the site and enter their postal code are offered a large range of local restaurants. The Group has over 15,000 client restaurants directly linked to Just-Eat via its proprietary network which offers a seamless and real time order services. Just-Eat is processing over 100,000 meals every day.

Contact Information

  • Just-Eat Canada Inc.
    David Power
    Managing Director