Takeaway.com receives €74mln in funding

Takeaway.com has received 74 million euros worth of funding from investment companies Macquarie Capital and Prime Ventures. It’s not the first time the Dutch company, specialized in online food ordering and home delivery, got funding as it received an investment of 13 million euros from Prime Ventures back in 2012.

“With this new funding we are able to expand our market share even faster”, says founder and CEO Jitse Groen. His company facilitates more than a million orders for over 25 thousand restaurants in nine different countries every month. It’s not a online food order site itself, it’s more like an online portal between the restaurants, snackbars and take-aways and their customers. Restaurants host a special menu on their site and/or their menu is shared on the local Takeaway website, so customers can order food online from these menus and have it delivered by the restaurants directly to their home.

Market leader in the Netherlands
The company is especially huge in home country The Netherlands (Thuisbezorgd.nl), where it’s also market leader, and neighbor country Belgium (Pizza.be). In other countries like Germany (Lieferservice.de) and Austria (Lieferservice.at) the company is active with “some serious market share”. Takeaway.com is a profitable company and is said to grow with 50% year on year.

Update April 11, 2014: Takeaway.com acquired its biggest competitor in Germany, Lieferando. More than ten thousand restaurants are affiliated with this site and together they process about 600,000 orders per month. As a result of the acuisition, Takeaway.com is now active in another country, Lieferando also owned the Polish website Pyszne.pl.