Just Eat Takeaway orders grow again after 55 months of decline, Prosus says
Prosus says rivals in Brazil burn about $150 million a month, yet iFood keeps about 80% of the app market. Its chief executive is trading short-term profit for growth at Just Eat Takeaway and iFood.
Via TNW | Business
Just Eat Takeaway’s orders grew year on year in September for the first time in 55 months, its owner Prosus said on Thursday. Chief executive Fabricio Bloisi gave the figure in a letter to shareholders that also covers iFood, Prosus’s food delivery business in Brazil.
Prosus said in a regulatory statement that its auditor has not yet reviewed the figures. When Prosus took control of Just Eat Takeaway (JET) in December, JET’s orders were falling 9% a year, Bloisi wrote.
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