Founder of Uber Eats Rival Takeaway Now Worth $1.4 Billion

…The delivery firm’s rise mirrors the growth of single-person households in the European Union, which surpassed those with children in 2013 and use such services more often. But competition is heated, with established leaders like Takeaway and Just Eat Plc competing with Uber Eats and Deliveroo, which are growing rapidly in large urban centers.

Increased demand and a string of acquisitions have given Takeaway a top three position in every European country where it operates. The firm’s shares surged in December after it agreed to buy Delivery Hero SE’s German operations for about $1 billion, ending an expensive rivalry in a country where both were competing for market share at the cost of profitability.

…The business processed 31.1 million orders in the first three months of 2019, up 51 percent from a year earlier. That works out to 345,556 deliveries every day or 14,398 an hour.

Some of those might even be delivered by Groen himself. Despite being one of his country’s richest people, he occasionally hops on one of his company’s bikes and delivers meals.

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