October 14, 2020 | technology | No Comments
Canadians have been used to picking up food from restaurants rather than having it delivered to their homes. But that appears to be changing, encouraged by restrictions imposed during the pandemic and lockdowns that kept people at home.
“We are now transforming that pick-up culture into a delivery culture, that’s why it’s growing so quickly,” Just Eat Takeaway.com’s investor relations manager Joris Wilton told CNN Business, adding that the second quarter had seen similar levels of growth.
A big increase in the selection of meals offered by restaurants also helped, making consumers more likely to order food more often, he said.
Grubhub is present in more than 4,000 US cities. The combined group, which processed more than half a billion orders last year, will have more than 70 million active customers globally, according to Just Eat Takeaway.com.
The deal is expected to close in the first half of 2021 and will see it take on the likes of Uber Eats and DoorDash, as competition in the space continues to heat up.
The acceleration in order growth widened “the gap to competitors in our key markets,” CEO Jitse Groen said in a statement. That puts the company in a strong position for its “traditional growth season” in the fall and winter, Groen added.
Its shares, which are listed in London and Amsterdam, were up nearly 6% on Wednesday.