This is how Dutch Takeaway scaleup clocked 45pc gain in Germany to €39.2M in first half of 2018

This is how Dutch Takeaway scaleup clocked 45pc gain in Germany to €39.2M in first half of 2018

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Part of the secret of a success in life is to eat what you like and let the food fight it out inside.” – Mark Twain

These days, so many startups are finding their secret recipe for success in life is indeed ‘food’. Having said that, there are lots of them fighting to win the consumers trust by literally focusing on filling their bellies.

Turnover rose to 42 percent in first half of 2018

In a recent news, Amsterdam-based online food delivery service, Takeaway has disclosed its turnover for the first half of 2018. As per the company, it has witnessed a 42 percent gain in turnover in the first half year to 110.2 million euros compared with €77.4 million in the first half of 2017, thanks to high commissions and recent acquisitions in Bulgaria.

“As we rapidly move closer to profitability, we see the strength and resolve of our company increase. Takeaway.com is a household brand and the undisputed market leading website in most of the geographies in which we operate. Despite our increasing investments in marketing and Scoober, and the added operating expenses of our acquisitions in Bulgaria, Romania and Switzerland, we are ahead of plan. The 10bis acquisition will allow us to further capitalise on the increasing scale at which we operate.”says Jitse Groen, CEO of Takeaway.com.

German Takeaway market is catching up

In addition to it, the marketplace in German also seen a rise of 45 percent as well. Sequentially, the loss has been reduced to 14 million euros from 21 million a year ago. In fact, the food delivery marketplace has processed around 41.7 million orders in the first six months, which is approximately about 30 percent higher compared to 2017.

In May 2018, Germany segment achieved a milestone with the first-ever month in which it processed more orders than the website in the Netherlands.

15 million orders in the Netherlands

Talking country wise, there were around 15 million orders in the Netherlands, whereas Germany seems to be catching up on the numbers. However, in terms of turnovers, Germany lags behind the Netherlands with 39.2 million euros, but it might change soon, considering the growth rate.

31,000 connected restaurants

With over 31,000 connected restaurants, Takeaway.com offers consumers a broad variety of food choice and delivery services in 23 European cities in five countries.

Founded in 2000 by Jitse Groen, the takeaway.com has seen a rapid growth, becoming the leading online food delivery marketplace of Continental Europe with operations in the Netherlands, Belgium, Germany, Austria, Poland, Switzerland, France, Luxembourg, and Portugal.

With over 1,000 employees, the Group processed orders worth €1.5 billion and generated revenue of nearly €200 million in the twelve months ended 30 June 2018. Currently, the company has raised a funding amount of €86 million in seven funding rounds.

Takeaway to acquire Tel-Aviv-based 10bis

In another news, Takeaway is all set to acquire 10bis (ten-bis means “give a bite” in Hebrew.), an Israeli online food delivery company for $158 million. Both the parties have confirmed the deal will be closed in the second half of 2018.

Talking about 10bis, it offers online food ordering services from more than 5,000 restaurants in Israel.10bis serves thousands of corporations, representing hundreds of thousands of employees. While Takeaway is predominantly a B2C, the 10bis on the hand is thoroughly a business to business (B2B) service.

Since Takeaway charges more commision, lots of restaurants owners are unhappy about it, especially those from Tilburg. In fact, fifteen restaurant owners in Tilburg have decided to quit Thuisbezorgd.nl due to 13 percent commission. While some are supporting, some are against it! Do let us know your opinion about it!

Stay tuned to Silicon Canals for more updates in the tech startup world.

 

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