Just Eat, the online take-out ordering firm has acquired Mexico’s SinDelantal.Mx to add to its Latin American presence and keep up the pressure on Rocket Internet’s Foodpanda.
SinDelantal.Mx’s founders, Diego Ballesteros and Evaristo Babé, also founded and sold Spain’s SinDelantal to Just Eat back in late 2012, for a price we originally pegged in the range of “a few million dollars”, but has since been revealed to be £2.5 million, according to Just Eat’s recent IPO filing.
This time around, things are equally opaque. Just Eat isn’t disclosing how much it’s paying for SinDelantal.Mx, although, according to the rumour mill, it’s thought to be one of the largest, if not the largest, online company exits in Mexico (Update: I’m hearing north of $20 million.)
Along with the Mexican startup’s founders, there’s an investor connection between the two SinDelantal deals, too.
Seaya Ventures‘ Michael Kleindl was a previous backer of Spain’s SinDelantal, while in 2013 the Spanish VC invested $2.5 million into SinDelantal.Mx, making this the firm’s first exit.
Meanwhile, Mexican enterpreneurs Evaristo Babé and Diego Ballesteros are to become the new country managers for Just Eat’s Mexican operation.
Furthermore, the company claims the acquisition of SinDelantal.Mx positions it as the “clear market leader” in Mexico, with more than 3,000 restaurants and over 60,000 orders per month, though I would’t be surprised to see Foodpanda dispute this.
The Rocket Internet incubated company recently beefed up its Mexican presence by acquiring PedidosYa, SeMeAntoja, and Superantojo (operated by PedidosYa) from European-focused Delivery Hero.
more recommended stories
Yucatan Federal Government look for young people and adults older than 68 to support them
The Federal Government develops the first.
Another femicide in Mérida, woman from Tekax stabbed 44 times
The murder of María Rosalía Chan.
Markets in Merida to be promoted with cultural events
In order to attract more people.
Harpsichordist Evening Concert to benefit the Mérida English Library
Keith Paulson-Thorp – Harpsichordist will perform.
Man faces 30 years in prison for stabbing his wife in Merida
Erick. G.L was arrested for the.
Patient from Mérida’s Psychiatric Hospital steals delivery truck and smashes it into a wall
On Tuesday December 12th, a patient.
Mérida wins national award for “Paseo de las Ánimas”
Due to the maintaince and promotion.
Will the Maya Train project put the jaguar population in risk?
Businessman José María Riobóo name was.
Take the new guided tour of Mérida’s Paseo de Montejo!
On December 10, The City of.
Yucatecan clothing companies trained in labeling regulations
A total of 40 Yucatecan textile.