City Pantry, the UK corporate catering marketplace, has been acquired by Just Eat for £16M
July 12, 2019
City Pantry, the office catering marketplace that lets you order in food for staff, company events and meetings, has been acquired by takeout marketplace and delivery giant Just Eat.
In a statement issued to TechCrunch, Tim Mills, investment director of the Angel CoFund, comments:
This deal is credit to founder Stuart Sunderland and his team for recognising a need for quality of choice in the corporate catering market and building a marketplace that has been adopted by restaurants and corporates alike. The team has successfully grown the business in the U.K. and demonstrated the commercial opportunity in the B2B market, which is what has made it such an attractive investment for Just Eat. The acquisition is a great opportunity for the company to continue to scale beyond the U.K., with Just Eat opening up new markets for the business. City Pantry has achieved a lot in the past four years and delivered a good return for investors, I look forward to seeing the team reach new heights with Just Eat.
You can read the full story on the TechCrunch website here