It is a Great time to Invest in Innovation, technology and Startups!
Lebovich brothers Gabby and Hezzi and James Packer’s syndicate “Catch” are smiling as a result of MenuLog’s $855m sale.
This reminds me of the heady days of the reverse auction land grabs spawned by Groupon – such as Dean Mcevoys Spreets which sold for $40m in 2011.
The buying spree and the hype around the sector has pushed valuations into the stratosphere.
GrubHub, which was floated in April 2014 in New York, is worth $US3.4 billion, having seen its shares jump by 50 per cent in the last 12 months, trading on an EBITDA multiple of around 137 times,
Just Eat is trading on a multiple of EBITDA of about 47 times.
But that’s nothing compared to the 371 times MenuLog was purchased on.
There are a number of interesting opportunities that will be manifesting in the next 12 months ……
If you are interested in more info – fee free to contact me