Order-In has been taken out

Thursday, 08 February, 2018

Order-In has been taken out

Online corporate catering provider Order-In has been acquired by  global venture capital company Rocket Internet for an undisclosed figure.

The food-tech and delivery service industry is one of the fastest growing sectors globally, and is a multibillion-dollar business segment in Australia alone. The past two years have seen a significant increase in funds being invested globally from corporations and capital investors into food-tech companies.

Since its launch in 2000, Order-In has grown exponentially in the corporate space, offering high-quality food options from the best caterers, cafes and restaurants across Australia’s major capital cities.

Jonathan Rowley, managing director of Order-In, said, “We are truly excited to announce our new partnership. Australia is a small and consolidated market, making it enticing to global investors, so there was never a doubt that this would happen — the question was more so who it would be and when. We’re delighted that our team’s hard work and dedication has paid off to achieve this great result.

“Despite the news, it’s business as usual at Order-In. Our service and platform will continue to be managed as it is — delivering the consistently high standard that both customers and suppliers have come to expect. This partnership will allow us to further expand our offerings and develop our leading presence in this space. We look forward to benefiting from Rocket Internet’s extensive expertise in building leading digital companies, in particular in the food-tech sector.”

Image credit: ©stock.adobe.com/au/sarsmis

Related News

Emerson to acquire Aventics

Acquiring Aventics from Triton for EUR527 million (AU$820 million) will strengthen Emerson's...

Fonterra forecasts strong farmgate milk prices

Fonterra Co-operative Group has announced an opening forecast farmgate milk price of NZ$7.00 per...

Invitations open for 2018 Food Network Expo

Monash Food Innovation Centre (MFIC) is hosting the Food Network Expo at Monash Clayton, taking...

  • All content Copyright © 2018 Westwick-Farrow Pty Ltd