City Pantry Limited

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City Pantry Limited - overview

Established

2013

Location

-, Berkshire, UK

Primary Industry

Internet

About

City Pantry Limited is a UK-based corporate catering company that streamlines food delivery for businesses, enhancing the employee dining experience through a diverse selection of meal options from various partner restaurants. City Pantry Limited, founded in 2013 in the UK, specializes in corporate catering, providing businesses with meal solutions for their employees. The company was acquired by Just Eat Holding Limited in July 2019 for approximately GBP 16 million, which marked a significant pivot in its operational strategy. The founder's history details are not available.


City Pantry Limited operates as Just Eat for Business, which focuses on corporate catering and office food delivery. The platform simplifies meal ordering for companies of all sizes, featuring over 600 partner restaurants across major UK cities like London, Manchester, and Edinburgh. This service addresses diverse dietary needs through customizable meal options, enabling organizations to seamlessly provide lunches, snacks, or meals for meetings, enhancing the overall workplace food experience. In the most recent fiscal year 2023, City Pantry Limited reported a revenue of GBP 9,917,290.


30, with an EBITDA of GBP -4,228,230. 10. Following the acquisition by Just Eat Holding Limited, City Pantry Limited's growth strategy revolves around enhancing its market presence in the UK and exploring potential expansion into European markets. The recent funding will support the development of new product offerings designed to optimize workplace food solutions and enhance customer service.


City Pantry aims to leverage its relationship with Just Eat to broaden its service capabilities and adapt to emerging market demands.


Current Investors

ACF Investors, Funding London, True

Primary Industry

Internet

Sub Industries

Courier & Delivery Services, Food & Beverage Distribution, Web Applications, Search Engines

Website

www.citypantry.com

Verticals

E-commerce

Company Stage

Acquired

Total Amount Raised

Subscriber access only

City Pantry Limited - timeline of key events

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City Pantry Limited - financials

Fiscal Year EndedDec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)3,333,4231,659,3292,825,485---
% Revenue Growth (YoY)-(50.2%)70.3%---
EBITDA (USD)(6,972,217)(6,953,696)(6,170,836)---
Operating Income (USD)(7,016,296)(8,415,942)(7,862,448)---
Operating Margin(210.5%)(507.2%)(278.3%)---
% EBITDA Margin(209.2%)(419.1%)(218.4%)---
NET Income (USD)(7,172,304)(8,160,830)(7,617,249)---
% Net Margin(215.2%)(491.8%)(269.6%)---

City Pantry Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedCity Pantry Limited-
Series ACompletedCity Pantry Limited-
SeedCompletedCity Pantry Limited-
SeedCompletedCity Pantry Limited-

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City Pantry Limited - employee data

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