City Pantry are proud to announce our recent acquisition by leading global takeout marketplace company Just Eat plc for an initial cash consideration of £16m.
City Pantry was founded by Stuart Sunderland in 2014 and we have grown to be Europe’s leading B2B catering marketplace. Our food delivery platform connects offices with top restaurants and caterers in their cities, providing food for all office catering needs from team lunches to events and more. Working with partners such as Itsu, Leon and Bill’s, we feed over 150,000 people at 1000 companies every month.
Our leading position will help Just Eat expand into a UK corporate market, by leveraging our brand, technology and B2B know-how to provide corporate customers with a wide range of high-quality, reliable food for delivery and restaurant partners with access to pre-scheduled, high-value corporate orders. It also provides the potential to expand further into international markets.
Stuart Sunderland, founder and CEO of City Pantry commented:
“What we eat in our personal lives has dramatically changed in the past 10 years in terms of quality and choice. The food revolution is now beginning to happen at work and City Pantry is at the forefront of this. We know that Just Eat shares our belief and we’ve been impressed with its vision of what we can do together.”
Peter Duffy, Interim CEO of Just Eat commented:
“Working with City Pantry to accelerate its mission to improve and modernise the workplace dining experience is a great opportunity for Just Eat. It’s the right time for us to enter the corporate market and expand our offering.
“City Pantry has a well-established business, fantastic expertise and an entrepreneurial spirit that matches our own. We look forward to bringing the company into the Just Eat family and working with them to grow in the UK and internationally in this exciting and dynamic market.”
