LONDON--(BUSINESS WIRE)--Just-Eat, the world’s largest online takeaway ordering service, has partnered with RestauranteWeb, Brazil’s leading online delivery provider. The partnership means that RestauranteWeb will become part of the Just-Eat Group, with the new team reaching over 1,000 restaurants in Brazil initially.
The partnership is the first of its kind by a European company in Brazil’s burgeoning e-commerce market, and marks the beginning of a period of multi-million dollar investment in the country by Just Eat.
RestauranteWeb was founded in 2004 by Luiz Jares and Marco Corradini. Jares commented “We’ve always known the huge potential online takeaway has in Brazil, and as the leading provider of food ordering services we are in a prime position to capitalise. Being part of the Just-Eat Group means that we will be able to offer both existing and new restaurant partners an enhanced service that will allow them to serve more customers than ever before.”
Klaus Nyengaard, CEO Just-Eat Group, said “Brazil’s economy is booming, and e-commerce is playing a major part in that growth. We’ve chosen to partner with the leading local player because it means that we can tap into their on-the-ground knowledge whilst providing our expertise and technology know how, built up over the last few years as the industry leader.”
“By merging the two companies and consolidating a strong management team, we are building a market leading organisation that shows our commitment to the region. This isn’t a quick fix, but a long term strategy to tap into the huge potential of e-commerce in Brazil’s takeaway industry.”
Former Google and MySpace executive Emerson Calegaretti will lead Just-Eat Brazil as Managing Director. The deal means that Just-Eat now operates in 16 countries across four continents, working with over 20,000 restaurants taking the orders of over 5 million customers each month. It recently secured investment of $48 million from venture capitalists IndexVentures, Greylock Partners and Redpoint Ventures.
Ends
About the Just-Eat Group
Just-Eat, launched in Denmark in 2001, is based in London and is now active in 16 countries around the globe. Just-Eat delivers over 100,000 meals a day and has received more than 10m orders since the site launched. There are currently over 20,000 takeaway restaurants signed up to Just-Eat’s site which uses proprietary technology to offer a seamless on-line ordering service. Just-Eat is currently generating over $500m in revenue per year for the restaurant industry and was listed in the TechCrunch Europe Top 100 Index 2010.
About Restaurante Web
Restaurante Web, founded in 2004 by Luiz Jares and Marco Corradini, is Brazil’s leading online takeaway and delivery ordering service.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6867891&lang=en