GrubHub Seamless

GrubHub Inc
Public
Traded as NYSE: GRUB
Industry online platform for restaurant pick-up and delivery
Headquarters Chicago, IL, U.S.
Area served
 United States
Key people
 Brian McAndrews, Chairman
Matt Maloney, CEO
Website www.grubhub.com

GrubHub Inc. is a mobile and online food-ordering company that connects diners and corporate businesses with thousands of takeout restaurants in more than 700 U.S. cities and London. GrubHub Inc. employs a transactional business model, and the service is free for diners. In 2015, the company sent more than $1 billion in gross food sales to local takeout restaurants, processing roughly 234,700 orders on a daily basis. GrubHub Inc. has served more than 5.6 million unique diners in the last 12 months.[1]

Overview

Two formerly separate companies, Seamless and GrubHub, formed the combined organization, GrubHub Inc, following a merger completed in August 2013. GrubHub Inc. has a portfolio of brands that includes GrubHub, Seamless, MenuPages and Allmenus. The company has offices in Chicago, New York City and London.

Matt Maloney, former co-founder and CEO of GrubHub serves as CEO of the combined organization, and Adam DeWitt, former GrubHub CFO, serves as CFO. Jonathan Zabusky, former CEO of Seamless, served as president until departing in August 2015. [2]

Brands

The GrubHub Inc. portfolio contains six brands: GrubHub, Seamless, MenuPages (previously owned by Seamless), Allmenus (previously owned by GrubHub), Restaurants on the Run and DiningIn.

GrubHub

GrubHub is an online and mobile food ordering service that shows diners local restaurants available for delivery or pick up. Diners who order through GrubHub's free website or mobile apps can pay with cash, credit or PayPal.

GrubHub products

Diner products
GrubHub diner products include the GrubHub.com website and the GrubHub mobile apps for iOS and Android devices. The mobile apps feature Track Your Grub, GrubHub's system for providing diners with real-time notifications and order mapping.
Restaurant products
GrubHub restaurant products include OrderHub, an in-restaurant tablet that helps streamline the order confirmation process, and DeliveryHub, a delivery driver app that helps drivers to be more efficient with their delivery routes. These two products link together to provide real-time updates to GrubHub diners through Track Your Grub.

Seamless

Seamless is an online and mobile food ordering service founded by Jason Finger and Paul Appelbaum that shows diners local restaurants available for delivery or pick up. Seamless serves diners and more than 4,000 corporate businesses in the U.S. and London. Additionally, Seamless offers free apps for iPad, iPhone, Android, and BlackBerry devices.

Seamless products

Diner products
Seamless' diner products include the Seamless.com website and the Seamless apps for iPad, iPhone, Android, and BlackBerry devices. The website features Food Tracker, Seamless' system for providing diners with real-time progress notifications.
Restaurant products
Seamless' restaurant products include Boost, an in-restaurant tablet that helps to streamline the order confirmation process.
Corporate client products
Seamless' corporate product allows businesses to consolidate all food ordering and subsequent billing into a single account. The product provides three ways to order:
  1. Individual meals: For businesses that pay for, or subsidize, employee meals, this feature enables individual employees to order from local restaurants while eliminating the hassle of expense reports.
  2. Group ordering: This feature enables employees in a group to order individual meals from a pre-selected group of restaurants. Each meal is labeled and packaged separately, delivered together and can paid for by either the company or individual employees in the group.
  3. Corporate catering: Corporate clients can order online from dozens of the most popular caterers available in their cities.

MenuPages

MenuPages was acquired by Seamless in September 2011 and lists more than 50,000 restaurant menus.

Allmenus

Allmenus was acquired by GrubHub in September 2011 and lists more than 250,000 restaurant menus.

DiningIn

DiningIn, an online ordering and food delivery company based in Brighton, MA, was acquired by GrubHub in February 2015, operating in Boston, Chicago, Dallas, Philadelphia, and the Twin Cities. [3]

Restaurants on the Run

Restaurants on the Run, a corporate food delivery company based in Aliso Viejo, CA, was acquired by GrubHub in February 2015, operating in Orange County, San Diego, Inland Empire, Los Angeles, San Francisco, Las Vegas, Seattle, Houston, Tulsa & Chicago.[4]

History

GrubHub history

Chicago-based GrubHub was founded in 2004 by two web developers, Matt Maloney and Mike Evans, who were looking for an alternative to paper menus.[5] Two years later, Maloney and Evans won first place in the University of Chicago Edward L. Kaplan New Venture Challenge with the business plan for GrubHub.[6]

In November 2007, GrubHub secured $1.1 million in Series A funding (led by Amicus Capital and Origin Ventures), which enabled market expansion into San Francisco and New York.[7] In March 2009, GrubHub earned $2 million in Series B funding, led by Origin Ventures and Leo Capital,[8] which was followed by $11 million in Series C funding, led by Benchmark Capital in November 2010.[9] $20 million in Series D funding was raised (led by DAG Ventures) in March 2011.[10]

In September 2011, GrubHub secured $50 million in Series E funding and acquired New York-based competitor Dotmenu, the parent company of Allmenus and Campusfood.[11]

In May 2012, GrubHub debuted OrderHub, an in-restaurant tablet technology that streamlines the order confirmation process.[12] Later that year in November, GrubHub introduced Track Your Grub, a set of features that provides diners with real-time notifications and order mapping.[13]

Seamless history

In 1999, New York lawyer Jason Finger founded SeamlessWeb in order to provide companies with a web-based system for ordering food from restaurants and caterers.[14] Six years later, in 2005, SeamlessWeb introduced a free ordering service to consumer diners to complement the existing corporate-ordering service.[15]

In April 2006, SeamlessWeb was acquired by Aramark and integrated into its Food, Hospitalities, and Facilities segment.[16]

Jonathan Zabusky was named President of Seamless in 2009,[17] and by June 2011, Seamless was re-privatized, as Spectrum Equity invested $50 million for a minority stake in the company from Aramark. The company then changed its name from SeamlessWeb to Seamless.[18]

In September 2011, Seamless acquired MenuPages,[19] and in February 2012, Seamless introduces the industry's first iPad app.[20]

GrubHub–Seamless merger

In May 2013, GrubHub and Seamless announced that they were merging, and the merger closed in early August 2013.[21]

Awards and recognitions

  • 2004 – Jason Finger wins Innovator of the Year by the Corporate Executive Council and SeamlessWeb designated Inc. magazine's 4th fastest-growing private company in the US.[22]
  • 2005 – Jason Finger designated finalist in Ernst & Young's Entrepreneur of the Year Awards.[23]
  • 2006 – Matt Maloney and Mike Evans win first place in the University of Chicago Edward L. Kaplan New Venture Challenge with the business plan for GrubHub.[24]
  • 2006 – Seamless is selected as one of Time Magazine's 50 Coolest Websites for 2006.[25]
  • 2007 – Seamless co-founder and CEO, Jason Finger, wins the 2007 Ernst & Young Entrepreneur of the Year Award for E-Services and Crain's 40 under 40.[26]
  • 2010 – GrubHub receives the Illinois Technology Association's Rising Star Award.[27]
  • 2011 – GrubHub's co-founders, Matt Maloney and Mike Evans, are named finalists for the Ernst & Young Entrepreneur of the Year Award.[28]
  • 2012 – GrubHub is named among the 10 most innovative food companies by Fast Company.[29]
  • 2012 – Seamless is named No. 40 in Business Insider's THE DIGITAL100: The World's Most Valuable Private Tech Companies.[30]
  • 2012 – GrubHub's co-founders, Matt Maloney and Mike Evans, are named finalists for the Ernst & Young Entrepreneur of the Year Award.[31]
  • 2012 – GrubHub is named Breakthrough Digital Company of the Year and co-founder and CEO Matt Maloney is named CEO of the Year at Built In Chicago's first annual Moxie Awards.[32]
  • 2013 – Seamless wins Best in Show and Best Wildcard App in MediaPost's 2013 Appy Awards.[33]
  • 2014 - GrubHub offered an IPO and was listed in New York Stock Exchange as GRUB.[34]

References

  1. ↑ Ajay Deep. "GrubHub Insights".
  2. ↑ "GrubHub president Jonathan Zabusky sets departure date - Chicago Business Journal". Retrieved 2015-09-14.
  3. ↑ Castellanos, Sara. "GrubHub acquires Brighton online restaurant delivery service DiningIn". Retrieved 8 June 2015.
  4. ↑ http://www.reuters.com/article/2015/02/05/grubhub-results-idUSL4N0VF5YF20150205
  5. ↑ Bhasin, Kim. "GrubHub's CEO On The Shock Of Outgrowing Three Offices In A Few Short Years". Retrieved 2 October 2013.
  6. ↑ "Grubhub.com Wins the University of Chicago New Venture Challenge".
  7. ↑ "GrubHub Secures $1.1 Million in Series A Funding From Top Venture Firms".
  8. ↑ Rao, Leena. "Food Delivery Service GrubHub Secures $2 Million In Series B Funding". Retrieved 2 October 2013.
  9. ↑ Kopytoff, Verne (8 November 2010). "GrubHub Gets a Cash Delivery". The New York Times. Retrieved 2 October 2013.
  10. ↑ Rao, Leena. "Exclusive: Food Delivery Search Engine GrubHub Raises $20 Million". Retrieved 2 October 2013.
  11. ↑ Brustein, Joshua (20 September 2011). "GrubHub Raises Another $50 Million, Acquires Dotmenu". The New York Times. Retrieved 2 October 2013.
  12. ↑ Rao, Leena. "Main Event Page news Comment 14 inShare76 GrubHub Debuts OrderHub; A Food Delivery And Order Management Android Tablet App For Restaurants". Retrieved 2 October 2013.
  13. ↑ Moscaritolo, Angela. "GrubHub 'Track Your Grub' Lets You Keep Tabs on Your Order". PC Magazine. Retrieved 2 October 2013.
  14. ↑ Morell, Katie. https://www.openforum.com/articles/building-an-empire-jason-finger-of-seamless-com/ "Jason Finger of Seamless: The Random Idea That Sparked a $100M Business" Check |url= value (help).
  15. ↑ Tedeschi, Bob (13 June 2005). "Ordering Takeout Online: A Dot-Com Idea Returns for a Second Try". The New York Times. Retrieved 2 October 2013.
  16. ↑ "Aramark Corp. has acquired SeamlessWeb Professional Solutions, Inc.". Food Management. Retrieved 2 October 2013.
  17. ↑ "Crunchbase Profile: Jonathan Zabusky".
  18. ↑ Wauters, Robin. "ARAMARK Sells Stake In Online Food Ordering Service SeamlessWeb For $50M". Retrieved 2 October 2013.
  19. ↑ Brustein, Joshua (26 September 2011). "Seamless Acquires Menupages in Race for Restaurants". The New York Times. Retrieved 2 October 2013.
  20. ↑ Ludwig, Sean. "Seamless brings super simple food ordering to the iPad". Retrieved 2 October 2013.
  21. ↑ Lazare, Lewis. "GrubHub and Seamless complete merger". Retrieved 2 October 2013.
  22. ↑ "Fastest growing company".
  23. ↑ "Entrepreneur of the Year".
  24. ↑ "New Venture Challenge | The University of Chicago Booth School of Business".
  25. ↑ "50 Coolest Websites 2006: Web Search and Services". Time. 3 August 2006.
  26. ↑ "Ernst & Young and Crain's | Seamless Awards".
  27. ↑ "ITA Blog: 2010 CityLIGHTS Rising Star winner GrubHub.com gives us an update – and get ready to vote on 2011 ITA CityLIGHTS Awards finalists April 14th!". Retrieved 2 October 2013.
  28. ↑ "Ernst & Young Entrepreneur Of The Year® 2011 Midwest Finalists Announced".
  29. ↑ "Most Innovative Companies 2012 – Industries Top 10 – Food".
  30. ↑ "THE DIGITAL 100: The World's Most Valuable Private Tech Companies".
  31. ↑ "2012 Midwest finalists".
  32. ↑ "2012 Moxie Award Winners".
  33. ↑ "2013 Appy Award Winners". Retrieved 2 October 2013.
  34. ↑ Ajay Deep. "GrubHub IPO Details".
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