Just Eat, UK-based leading global marketplace for food delivery has announced that it has acquired Flyt. The latter is also based in the UK and is a restaurant software platform. The acquisition has been finalised with a deal of €25 million.
Just Eat was one of the investors of Flyt with 8% stake but the acquisition makes it the sole owner of the startup. The other investors such as Entree Capital and Time Out have exited from the company. With the acquisition, it will accelerate the development of Flyt’s technology and provide its services to its global restaurant partners.