What started as a simple way to order food from Chicago restaurants has grown into an online food-delivery empire worth over $4 billion. Since its merger with Seamless in 2013, Grubhub—which also owns brands like AllMenus and MenuPages—has enjoyed 53% year-over-year growth in revenue and made takeout as simple as a tap on an app. With 75,000 restaurants in over 1,200 U.S. cities and London, the next challenge is to hold off megacompetitors like Amazon and Uber in the food-delivery turf wars. To do so, Grubhub is betting on innovations like Grubhub for Restaurants, its next-gen, in-restaurant platform to help eateries update menus in real time and track driver locations.
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News about Grubhub
The startup caters exclusively to students on 150 college campuses nationwide.
Grubhub acquired the company for $390 million in cash.
Venture capitalist Bill Gurley is more worried about Elon Musk being 'too risky' than he is about Mark Zuckerberg.
They need the money to stand out in a crowded market.
This is your Data Sheet for Thursday, March 1, 2018.