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This food delivery company doubled its orders in Canada. It's coming for the US next

October 14, 2020. Summarized by summa-bot.

Online food delivery is booming in Canada, at least for one company.

London (CNN Business)Online food delivery is booming in Canada, at least for one company.

Just Eat Takeaway. com said on Wednesday that orders in Canada — where it operates as Skip The Dishes — rose by 98% to 23. 5 million in the third quarter compared with the same period last year.

"We are now transforming that pick-up culture into a delivery culture, that's why it's growing so quickly," Just Eat Takeaway. com's investor relations manager Joris Wilton told CNN Business, adding that the second quarter had seen similar levels of growth.

Just Eat Takeaway. com, which was formed through a high-stakes merger last year, is building a formidable position in online food delivery globally.

Last month, the company's shareholders approved its $7. 3 billion acquisition of Grubhub (GRUB), which it said will create the world's largest food delivery company by revenue outside China.

The combined group, which processed more than half a billion orders last year, will have more than 70 million active customers globally, according to Just Eat Takeaway. com.

Just Eat Takeaway. com said its worldwide orders surged 46% to 151. 4 million in the third quarter compared with the prior year, delivering market share gains in Canada and the United Kingdom, where the company has increased spending on marketing to fend off rivals such as Amazon (AMZN)-backed Deliveroo and Uber Eats.

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