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Food Delivery App 'Just Eat' Made Over $10M This Year

British online food ordering service Just Eat announced that in the first half of this year, its profits have tripled. According to The New York Times, in the first six months of 2014 the company made £6 million ($10.03 million USD). They only made £2 million ($3.34 million USD) during the same period in 2013. Just Eat operates in 13 countries around the world, including India, Canada, Spain, and France but the company notes that the increase in profit was "driven primarily by growth in its British operations," which accounts for just under 75 percent of its revenue. The Guardian reports that Just Eat's revenue also increased in Denmark, which is its second biggest market.

The company reveals that "orders via mobile phones and tablets" made up over 50 percent of total usage "for the first time." Just Eat's chief executive David Buttress tells the Guardian that the company has more than 40,000 restaurant partners and over 6.9 million active users.

Food delivery platforms have seen a striking amount of financial success this year. Caviar, a higher end meal delivery service, not only raised $13 million in funding this year, but was also recently acquired by mobile payment company Square for a reported $90 million. Online shopping mega-giant Amazon also announced that it plans to get into take-out food delivery in the near future.

· Appetite for Online Orders Lifts Just Eat [NYT]
· Just Eat Sees Sevenfold Rise in Half-Year Profits [Guardian]
· All App Coverage on Eater [-E-]

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