GrubHub
 | |
| Type | Private |
|---|---|
| Industry | online food ordering |
| Founded |
Chicago, IL (2004) |
| Headquarters | Chicago, IL |
| Key people |
Matt Maloney, CEO Mike Evans, COO |
| Employees | 250+ (January 2012) |
| Website | www.grubhub.com |
GrubHub is an online food ordering company in the United States. Headquartered in Chicago, it was founded in 2004 by Mike Evans and Matt Maloney.
GrubHub won the University of Chicago’s New Venture Challenge in 2006 and received its first round of venture capital in 2007, allowing it to expand its service to Boston and San Francisco.[1] In September 2011, the company announced that it had raised an additional 50 million dollars in capital and was acquiring New York based Dotmenu, the parent company of Campusfood and Allmenus. The acquisition allowed GrubHub to establish a presence on more than 300 college campuses. [2]
GrubHub currently has menus for more than 250,000 restaurants and allows customers to order online from nearly 20,000 restaurants in the more than 500 American cities.
Services
Visitors to GrubHub start by entering their address. The service then returns a list of restaurants that deliver to that address as well as takeout restaurants within a predetermined radius. Users are also able to browse restaurants in their city or search by cuisine, restaurant name or specific item. Once a user determines what they want, they can place their order through the website or over the phone.[3] Each order is tracked and monitored by a customer service team.[1]
The company's mobile application shares the same functionality as the website with the additional benefit of beginning a search via geo-location.[4]
Funding
GrubHub secured Series A funding in 2007 through Amicus Capital, Origin Ventures and several angel investors. GrubHub secured $2 million in Series B funding in March 2009. The deal was co-led by Origin Ventures and Leo Capital, with earlier investor, Amicus Capital, participating.[5] The company secured its third round of funding, $11 million, in November 2010. Benchmark Capital led the Series C round of investment.[3] In spring of 2011, GrubHub raised $20 million. DAG Ventures led the Series D round of funding with Benchmark Capital participating.[4] In September 2011, the company announced it had raised 50 million dollars in a series E funding round. The E round was led by Lightspeed Ventures with Mesirow Financial, Benchmark Capital, Greenspring Associates, and DAG Ventures participating. The company has raised $84 million to date.[2]
Recognition
In 2006, Matt Maloney and Mike Evans won first place in the University of Chicago Edward L. Kaplan New Venture Challenge with their business plan idea for GrubHub.[1]
In 2009, GrubHub was named as one of the “Top 50 Employers for Generation Y Chicago” in a study conducted by Brill Street.[6]
In April 2010, GrubHub was the recipient of the Illinois Technology Association’s Rising Star Award [7] Later that year, it was named among Inc. Magazine’s 500|5000 list of fastest growing private companies in America. The company came in No. 5 in the Food & Beverage category, No. 9 in Chicago and No. 229 on the overall Inc. 500 list.[8]
Matt Maloney and Mike Evans, CEO and COO respectively, were named finalists for the 2011 Ernst & Young Entrepreneur of the Year Award.[9]
The company also appeared on the 2011 Inc. 500|5000 list at number 246 with reported 3 year growth of 1308%. The company was the eighth fastest growing company in the food and beverage industry and number ten in its home town of Chicago.[10]
See also
References
- ↑ 1.0 1.1 1.2 "Grubhub.com". Illinois Venture Capital Association. Retrieved August 27, 2011.
- ↑ 2.0 2.1 "Food Delivery Search Engine GrubHub Raises $50M, Buys Campusfood And Allmenus". Washington Post. Retrieved September 26, 2011.
- ↑ 3.0 3.1 Kopytoff, Verne (November 8, 2010). "GrubHub Gets a Cash Delivery". New York Times. Retrieved August 27, 2011.
- ↑ 4.0 4.1 Rao, Leena (March 9, 2011). "Food Delivery Search Engine Raises 20 Million". Techcrunch. Retrieved August 27, 2011.
- ↑ Rao, Leena (March 23, 2009). "Food Delivery Service GrubHub Secures 2 Million in Series B Funding". Techcrunch. Retrieved August 27, 2011.
- ↑ "Generation Y Top 50". Brill Street. 2009. Retrieved August 27, 2011.
- ↑ "2010 CityLIGHTS Rising Star winner GrubHub.com Gives Us An Update". Illinois Technology Association. April 8, 2011. Retrieved August 27, 2011.
- ↑ "Inc. 500/5000". Inc. 2011. Retrieved August 27, 2011.
- ↑ "Ernst & Young Entrepreneur of the Year Finalists Revealed". Businesswire. May 3, 2011. Retrieved August 27, 2011.
- ↑ "Inc. 500/5000". Inc. 2011. Retrieved September 26, 2011.
External links
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