• Index Puts $17 million Into… Fast Food?

    Tuesday, July 14th, 2009

    Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

    Who needs web apps and crazy things like Twitter when you can invest in an online ordering system for fast food outlets? That’s what’s just happened to Just-Eat, possibly the leading European aggregator site for ordering fast food online. It’s closed its first institutional financing, with Index Ventures leading the large $17 million (£10.5 million) round. Venrex Investment Management and existing shareholders also participated. The capital will be used to consolidate the company’s position in the UK and to expand into Europe. It appears they are going up against local boostrapped startup HungryHouse.

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