UK based online takeway ordersing service Just-Eat has raised $48 million in a funding round led by Greylock Partners and Redpoint Ventures, along with existing investor Index Ventures, reports TechCrunch. It intends to expand its international presence with this funding. Earlier this year, Just Eat had acquired a majority stake in the Bangalore based table booking site Hungry Zone, in which it plans to invest $5-$10 million over the next three years. It recently renamed Hungryzone to JustEat.in and expanded operations in Mumbai, with Delhi to follow soon. Previously, it had raised GBP 10.5 million ($17.4 million) from Index Ventures and Venrex Investment Management in 2009, according to paidContent:UK. JustEat currently operates in the UK, Denmark, Sweden, Belgium, Spain, Netherlands, Ireland, Norway and Canada, and claims to have generated GBP 200 million revenue per year for the restaurant industry. Meanwhile, do read why Zomato's Pankaj Chaddah feels that online ordering is just a marketing gimmick and at times even a hoax as customers are called back to verify their identity. This will surely come as a good news for Just Eat, which hardly has any competitors inthe India market. Related: - Just Eat Picks Up Majority Stake In India’s Hungry Zone; To Invest $5-10 M From our Press Release site: - JustEat.in forays into Mumbai
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...