GrubHub Inc

Grubhub Inc. was founded in 2004 and is a US-based online and mobile food ordering and delivery marketplace. The company is focused on connecting consumers with local takeout restaurants and operates an online and mobile ordering platform that enables diners to order from more than 125,000 different takeout restaurants in over 2,400 US cities. The company also operates in London, UK. In 2013, Grubhub merged with Seamless, another leasing food delivery company, under the Grubhub portfolio of companies. Grubhub’s portfolio of brands includes Grubhub, Seamless, LevelUp, Tapingo, AllMenus and MenuPages. In 2018 alone, the company provided more than $5 billion in gross food sales to local takeout restaurants. On average, Grubhub processes 488,900 daily orders, serving 20.3 million active diners. Drivers collaborating with the company received more than $2 billion in total tips. In 2019, Grubhub announced that it had entered a national partnership with the Yum! Brands, which included a $200 million investment. That same year, the company acquired LevelUp, Tapingo and the remaining OrderUp markets. Grubhub’s financial results for the second quarter of fiscal 2019 included reported revenues of $325 million, representing a 36% year-over-year increase.Diversify your portfolio and buy GRUB stocks.