OrderYOYO (One-pager): Consolidation strategy continues - new acquisition brings the number of restaurant partners above 10,000
In Q1 2023 OrderYOYO announced strong performance, an acquisition of a UK and Irish online ordering company, and a guidance raise for 2023 on all parameters. Despite challenging market conditions, OrderYOYO grew ARR by 39% YoY and revenue by 29% YoY in Q1 2023, thus continuing its momentum from H2 2022.
Based on the news, we publish our updated investment one-pager on OrderYOYO. The one-pager covers OrderYOYO’s consolidation strategy and profitability focus, as well as valuation perspectives on the Danish SaaS sector and two larger US-listed peers.
OrderYOYO is a Danish SaaS company, offering a white-label online ordering, payment, and marketing software solution for takeaway restaurants across European countries.
Disclaimer: HC Andersen Capital receives payment from OrderYOYO for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 16:45, 24 May 2023.
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OrderYOYO
OrderYOYO is a Danish Software-as-a-Service (SaaS) company that provides takeaway restaurants with all the necessary software to serve their customers, including online ordering, payment, marketing and business management solutions. The software enables restaurants, primarily within takeaway, to have their own-branded online presence direct to consumers instead of via food portals. In 2022, OrderYOYO merged with German app smart. Going forward, Germany is an important growth market for OrderYOYO. OrderYOYO has a usage-based business model implying that the company grows with its restaurant partners. The company has been listed at Nasdaq First North in Denmark since July 2021.
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