Just Eat, the web-based takeaway portal, is set to float on the London Stock Exchange and wants to raise £100 million from investors in the process.

The business charges a commission to takeaway businesses that use its platform to promote their service. Founded in Denmark in 2000, the business is headquartered in the UK and has expanded into 13 countries.

In 2013 the business turned-over £96.6 million, with growth of 61.9 per cent compared with the year before.

David Buttress, the chief executive of Just Eat, said: "Just Eat brings together tens of thousands of local takeaway restaurants globally and processes millions of online orders monthly.

"We see further opportunities ahead as we encourage more people to experience the benefits of online takeaway ordering ... the listing marks the beginning of the next stage of our growth and development."

The business charges 12 per cent commission for orders placed through its website and app. Average revenue per order was £2.11 last year, up 5.5 per cent on 2012.