Just-Eat, the local online takeaway menu aggregator and order facilitator, has taken on a $48 million second venture funding round to fund international expansion and service improvements.
The London-based site says it will generate over $500 million for its partner restaurants in 2011.
Just-Eat is trying to own the relationship between at-home eaters and their local takeaway. It currently operates in 10 countries and lists 15,000 restaurants. The two main benefits – you don’t need to have a takeaway’s menu at home, and you can pay Just-Eat by debit card if you don’t have cash at home for a delivery boy.
The new funding its from Greylock and Redpoint, “substantial support from existing investor Index Ventures”.
Its partner base has grown by 80 percent in the last year and orders have doubled. It claims to process over 100,000 meals a day.
The company formed in Denmark in 2001 but moved to London in 2008.
It raised $17.9 million, led by Index, in 2009.