Consolidation in Spain
JUST EAT launched in Spain December 2010. It was a bit of a bet, because everybody said Southern Europe is not a place for delivery food, but that scepticism was proved wrong very quickly. Spain is not one of the biggest markets in the World, and there are “a few macro economic issues” on the Iberian Peninsula, but we have been so fortunate to build an absolute kick-ass team lead by Jerome Gavin, and the growth has been better than anything we ever imagined. Thanks guys for the hard work over the last nearly two years.
There was also another team that launched just before JUST EAT, it was team Sindelantal. The company is co-founded by Evaristo Babe and Diego Ballesteros, and they also managed to involve the experienced angel investor Michael Kleindl. In the last two years JUST EAT and Sindelantal has competed full throttle and in the process pushed the market to migrate online ever faster. JUST EAT has grown a bit faster, but both companies has done very well – and today we are very happy to announce that JUST EAT.es and Sindelantal has joined forces!
At JUST EAT we believe in investing heavily in 1) building the best possible, national restaurant network and 2) communicating the advantages of online ordering to customers. Our acquisition of Sindelantal makes it possible to roll-out the online takeaway concept even faster in Spain. That is good news for restaurants and consumers, and in the long run it will also be a good story for JUST EAT.
Congratulations to Evaristo & Diego – well done in founding and building a company with real substance. And we look forward to follow you as you scale up your business in Mexico.
And congratulations to Spain, JUST EAT loves you more than ever!