Just Eat acquires restaurant software platform Flyt for £22M
Just Eat, a takeout marketplace and food delivery service, has manged to acquire Flyt, a startup that offers software for restaurants and restaurant suppliers, for £22million.
Before the acquisition Just Eat owned an 8% stake in Flyt. Following the acquisition other investors, including Time Out and Entree Capital, have exited and Just Eat is now a majority owner. Flyt will still operate as a standalone brand and platform.
The acquisition will enable Just Eat to accelerate the development of Flyt’s technology and offer Flyt’s services to more of its restaurant partners globally.
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