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Grubhub, a part of Just Eat Takeaway.com (LSE: JET, AMS: TKWY), is a leading food ordering and delivery marketplace in the United States. With a commitment to connecting diners with their favorite local restaurants, Grubhub leverages cutting-edge restaurant technology and user-friendly platforms to enhance the food delivery experience.
Core Business: Grubhub partners with over 365,000 restaurants across more than 4,000 U.S. cities, offering a vast selection of food choices to its users. The company focuses on making food ordering easy and enjoyable, providing diners with a seamless experience.
Recent Achievements: In 2023, Grubhub released its annual retrospective, the '2023 Delivered' report, which analyzed millions of orders to highlight food and beverage trends. Key trends included a significant rise in the popularity of spicy dishes, with buffalo chicken wings topping the charts, and an increased demand for caffeinated beverages ordered late in the day.
Current Projects: Grubhub continues to innovate, introducing exclusive offers such as Buffalo Wild Wings' 50% discount on wing menu items and providing unique insights through personalized recap reports for diners. Additionally, Grubhub+ members, especially Amazon Prime users, enjoy benefits like free delivery and special discounts.
Financial Condition: As a subsidiary of Just Eat Takeaway.com, Grubhub benefits from strong financial backing and strategic partnerships, allowing it to maintain a competitive edge in the food delivery market.
Partnerships: Grubhub collaborates with top brands and local favorites to bring a diverse array of dining options to its customers. Its partnership with Amazon Prime offers significant perks to subscribers, enhancing customer loyalty and satisfaction.
Products: Beyond food delivery, Grubhub’s products include Grubhub+, a subscription service that offers unlimited free delivery on eligible orders, and various promotional deals and discounts that cater to a wide range of dining needs and preferences.
Wonder has announced the acquisition of Grubhub from Just Eat Takeaway.com for an enterprise value of $650 million, comprising $500 million in senior notes and $150 million cash. The deal is expected to close in Q1 2025. Wonder, which operates 28 locations in the Northeastern U.S., has also secured an additional $250 million in new capital. The merger combines Wonder's 'Fast Fine' dining concept, featuring Multi-Restaurant Ordering from renowned chefs, with Grubhub's network of 375,000 merchants and 200,000 delivery partners. The integration aims to create a comprehensive food delivery super app, offering first-party and third-party restaurants, groceries, and meal kits in a single platform.
Grubhub has launched Special Delivery, a program sponsoring the first meal for new moms post-delivery. Running through August, expectant mothers can claim $20 towards their desired meal every Wednesday at noon ET on GrubhubSpecialDelivery.com. This initiative addresses the intense cravings many mothers experience after nine months of dietary restrictions.
A recent Grubhub survey revealed:
- 75% of expectant moms consider their first postpartum meal in their birth plan
- 51% look forward to eating previously restricted foods more than physical comfort
- 46% know their desired post-delivery meal by the second trimester
- 31% crave deli meats the most
- 61% prefer delivery over home-cooked or hospital meals
Grubhub is also offering a free year of Grubhub+ to Special Delivery recipients, providing benefits like $0 delivery fees and exclusive offers.
Grubhub has partnered with Inter Miami CF, becoming the official food delivery and mobile ordering partner for the club. This multi-year collaboration allows fans at DRV PNK Stadium to order food and beverages via the Grubhub app, reducing wait times during games. Starting March 12, fans can scan QR codes to access the app and place orders with select vendors, with designated pickup lanes ensuring a quick experience. Grubhub aims to enhance the game day experience, leveraging its technology to offer convenient food options for fans.
Grubhub has partnered with Buyk to introduce ultrafast grocery delivery through the Grubhub marketplace in New York City and Chicago. Customers will soon be able to access over 2,000 grocery items, with delivery expected in 15 minutes or less. This collaboration aims to enhance customer loyalty and drive more orders to Grubhub’s restaurant partners. The partnership also focuses on optimizing food waste and improving delivery efficiency. Grubhub continues to expand its convenience delivery efforts, further broadening its market offerings.
Grubhub announced the national launch of its branded convenience delivery service, Grubhub Goods, expanding to over 3,000 locations countrywide in partnership with 7-Eleven. Following a successful pilot in New York, this initiative aims to enhance the variety of choices available to diners through convenience items delivered via Grubhub. To celebrate, Grubhub is offering 50% off on orders over $15.
This growth is expected to generate increased orders and engagement across Grubhub's marketplace, emphasizing the synergy between convenience items and restaurant orders.
The United States Hispanic Chamber of Commerce Education Fund and Grubhub have launched a Restaurant Small Business Grant Program, providing $2 million in grants to support Hispanic-owned restaurants facing challenges due to the pandemic. Grants will range from $5,000 to $10,000 with nearly 300 grants available across major U.S. cities. Eligible restaurants must be majority Hispanic-owned, have under 20 full-time employees, and have been in operation for at least nine months. Applications are open until January 26.
Grubhub and The Greg Hill Foundation announced the awarding of over $4 million in grants to 379 restaurants across the U.S. as part of the All Day Campaign. Grants ranged from $5,000 to $50,000, aimed at helping restaurants improve indoor and outdoor dining, upgrade equipment, and cover operational costs. This initiative marks the third support program by Grubhub for restaurants recovering from the pandemic. Notable recipients included restaurants in Baltimore, Boston, and New York City. Grubhub continues to support local eateries through its Donate the Change program.
Grubhub released its annual 'Year in Food' report, analyzing orders from over 32 million diners in 2021. The report highlights significant trends, with the Impossible cheeseburger surging 442% in popularity. Other popular items include shredded pork tacos and apple pecan chicken salads. Grubhub also noted a rise in vegan and vegetarian orders, with a 16% increase for vegan items. Additionally, Grubhub raised over $30 million to support restaurants and charities through various initiatives. The report includes a forecast for 2022, predicting a continued interest in diverse food trends.
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