On August 18, 2021, Jitse Groen, the chief executive of Just Eat, said a merger with a bigger rival was not absolutely logical at the moment in response to demands from activist fund Cat Rock that the food delivery firm explore a sale. Groen added that the Company would not be interested in talks with rivals that are very loss-making. Cat Rock, a hedge fund founded by Alex Captain, had led calls for the Company to explore a sale to a rival, suggesting larger operators such as DoorDash, Uber and Delivery Hero as potential buyers.

Groen was speaking as Just Eat reported a 52pc surge in revenues to (EURO)2.6bn (£2.2bn) in the six months to the end of July. However, the Company said underlying pre-tax losses totalled (EURO)190m, compared with a (EURO)205m profit a year earlier, on the back of increased investment and rising costs.(EURO)190m underlying half-year losses at the Company after it increased spending to compete with Deliveroo in London