, Columnist
All These Takeout Deliveries Are Getting Hard to Stomach
Investor appetite for Delivery Hero, Just Eat and co. won't be bottomless.
This article is for subscribers only.
Europe is well-stocked with listed takeout delivery companies these days, but it would be foolish to assume there will always be enough investor appetite to go round.
The U.K.'s Just Eat Plc, Germany's Delivery Hero AG and Dutch-based Takeaway.com NV have benefited from easy access to capital and big share price jumps. Meanwhile, venture-backed Deliveroo just raised another $385 million from investors, valuing a still unproven and unprofitable business at more than $2 billion.