Touch2Success Announces Big Foodie Acquisition in Multi-Million Pound Deal
Software business, Touch2Success, has announced a multi-million pound acquisition of Big Foodie. Touch2Success is the parent company of popular online food portal, Foodhub.
Big Foodie’s staff, infrastructure, website and branding will remain the same as a result of the partnership. However, Big Foodie’s customers will benefit from access to the 8000+ takeaways registered with Foodhub, and Foodhub customers will have a greater choice of takeaways and restaurants.
Big Foodie, established in Greater Manchester in 2012, has over 2,500 registered takeaways and averages 30,000 orders per week. The acquisition is part of Touch2Success’s expansion plans for Foodhub, which is on target to achieve 3m orders for 2019.
Ardit Mula, Foodhub, says: “We have acquired Big Foodie because we are dedicated to growing our customer base across the UK, widening the choice for the end-user. Big Foodie specialises in Chinese food establishments, an area that we continue to explore and grow for Foodhub. End-users on both platforms will benefit from a wider selection of takeaways to choose from and the takeaway owners will benefit from our zero-commission policy.”
Foodhub, established in 2017, has experienced rapid growth in its first two years of trading as it is one of the only online food portals that does not charge takeaway owners a commission for orders placed through the platform. Nor does it charge a service fee to the end user for using the platform. Foodhub has over 8000 registered takeaways & restaurants on its platform and Foodhub & Touch2Success handle over 1.2 million orders each month.
Mohamed Chaudry Finance Director at Touch2Success, says:
“This is a fantastic acquisition that will significantly benefit both brands and brings Touch2Success much closer to our target of 18,000 active businesses registered on FoodHub by the end of 2020. Touch2Success has been achieving significant growth, doubling turnover and customer base year on year. The purchase of Big Foodie, is part of our aggressive growth plans via acquisitions and we are in advanced talks to acquire other competitors ”