The GrubHub Inc. app is displayed on an Apple Inc. iPhone 5 in Tiskilwa, Illinois, U.S., on Wednesday, April 2, 2014. GrubHub Inc., the Internet platform that enables users to order pick-up and delivery from restaurants, raised the expected price range for its initial public offering to $23 to $25 per share from $20 to $22 in a regulatory filing on Tuesday. The company plans to list on the New York Stock Exchange under the ticker symbol GRUB. Photographer: Daniel Acker/Bloomberg via Getty ImagesBloomberg via Getty Images
What started as a simple way to order food from Chicago restaurants has grown into an online food-delivery empire worth over $4 billion. Since its merger with Seamless in 2013, Grubhub—which also owns brands like AllMenus and MenuPages—has enjoyed 53% year-over-year growth in revenue and made takeout as simple as a tap on an app. With 75,000 restaurants in over 1,200 U.S. cities and London, the next challenge is to hold off megacompetitors like Amazon and Uber in the food-delivery turf wars. To do so, Grubhub is betting on innovations like Grubhub for Restaurants, its next-gen, in-restaurant platform to help eateries update menus in real time and track driver locations.
|Industry||Internet Services and Retailing|
|CEO||Matthew M. Maloney|
|HQ Location||Chicago, Ill.|
|Revenues ($M) (Past 12 Months)||$576|
|Profits ($M) (Past 12 Months)||$59|
|Market Value as of Oct. 9, 2017 ($M)||$4,430|