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Just Eat plc
Just Eat plc is the London-based entity behind the global food-delivery platform, now part of Prosus after a £5.9B buyout in 2020.
Just Eat plc
Just Eat plc was founded in 2000 in Denmark as a local food-ordering service, later moving its operational headquarters to London. The firm expanded rapidly through acquisitions, including the merger with Takeaway.com in 2020, which created Just Eat Takeaway.com, one of the largest online food-delivery companies globally. The underlying wealth originated from the founders' early success in the internet marketplace sector, with the corporate structure shifting after Prosus's full acquisition in 2020. The firm's investment strategy centers on the online food delivery segment, a sector that combines logistics, platform technology, and consumer demand. It holds a portfolio of delivery operations across over 20 countries, with notable positions in the United Kingdom, Germany, the Netherlands, and Canada. Deployments have included direct investments in last-mile logistics infrastructure and restaurant partnerships, along with acquisitions such as Grubhub in the US for $7.3 billion in 2020 (per Reuters, 2020). The geographic footprint spans Europe, North America, and emerging markets like Brazil. Just Eat plc now operates as a subsidiary of Prosus, the global consumer internet group and investment arm of Naspers, which has significant capital for additional deployments. The team size and professional structure are not publicly disclosed as a standalone entity. An adjacent vehicle is the Just Eat Takeaway.com Sustainability Fund, which supports environmental initiatives. A recent operational event: in May 2024, the company sold its stake in iFood to Prosus for €1.8 billion (per Bloomberg, May 2024). The structural differentiator is Just Eat plc's position as part of Prosus, a publicly traded investment firm with a large e-commerce and food-tech portfolio, allowing it access to capital and strategic support while retaining operational independence. Unlike many food-delivery platforms, its governance is embedded in a larger tech conglomerate, influencing its risk tolerance and growth horizon.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Additional offices
Sao Paulo, Brazil
Frequently asked questions
Who controls Just Eat plc investment decisions?
Just Eat plc operates as a subsidiary of Prosus, the global consumer internet group. Major strategic decisions, including acquisitions and divestitures, are made by the board of Just Eat Takeaway.com, with oversight from Prosus's management. The CEO, Jitse Groen, has led the combined entity since the Takeaway.com merger in 2020 (per the firm's official filings, 2020).
How does Just Eat plc source deal flow?
Just Eat plc sources deals primarily through its operational network of delivery partnerships and restaurant integrations. The firm also identifies acquisition targets via market expansion, as seen in the Grubhub purchase in 2020 (per Reuters, 2020). As part of Prosus, it has access to a broader pipeline of e-commerce and food-tech opportunities.
Is Just Eat plc structured as a standalone company or a family office?
Just Eat plc is neither a family office nor a standalone investment firm. It is a publicly held operating company that was part of Just Eat Takeaway.com until 2020, then was acquired by Prosus and now functions as a subsidiary within the Prosus conglomerate. Its structure is that of a corporate entity focused on the online food delivery business.
Does Just Eat plc participate in fund commitments or direct deals?
Just Eat plc engages primarily in direct operational deals, including acquisitions of food-delivery platforms and strategic investments in logistics. It does not typically participate as a limited partner in external funds. Its capital deployment is executed through corporate M&A and partnership agreements.
What investment stages does Just Eat plc target?
Just Eat plc targets mature stage investments in the food delivery and logistics sector, often through acquisitions of established platforms. Recent examples include the purchase of Grubhub in 2020 (per Reuters, 2020) and the disposal of iFood in 2024 (per Bloomberg, May 2024). The firm also invests in scaling existing operations in its geographic markets.
Which sectors does Just Eat plc focus on?
Just Eat plc focuses exclusively on the online food delivery sector, including digital marketplaces, logistics technology, and restaurant aggregation. It does not target sectors outside the food-tech ecosystem, such as fintech or healthcare (per the firm's annual report, 2023).
Where does the underlying wealth for Just Eat plc come from?
The underlying wealth for Just Eat plc originates from the original founders of the platform, including Bo Iversen and Jesper Buch, who started the service in Denmark. The corporate capital now comes from Prosus, which is the investment arm of Naspers, a South African multinational. The founders' personal wealth is not directly tied to the firm's current structure (per Bloomberg, 2020).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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