Just Eat has purchased the remaining shares of portfolio company Flyt for $28.8m, while fellow corporate Time Out recorded a $12.6m return.
Online food delivery service Just Eat has purchased UK-based hospitality software developer Flyt in a £22m ($28.8m) all-cash deal that will involve media and entertainment group Time Out exiting.
Formerly known as Flypay, Flyt initially launched as a mobile app that enabled diners to pay for their bill directly at the table.
The company has since expanded its software to manage restaurant processes such as orders, deliveries, table management, voucher redemptions and payments, working with more than 3,000 branded restaurants…
