Chances are you’ve contemplated late-night pizza or Thai food delivery, you’ve run into GrubHub or Seamless (or both, depending on your city). Chicago-based GrubHub is the largest of the e-commerce engines that power independent restaurants’ delivery and takeout orders, and New York’s Seamless is among GrubHub’s biggest challengers.
Now the two have decided to merge and build the mother of all delivery and takeout portals. The companies said combined GrubHub and Seamless will have a presence in more than 500 cities and more than 20,000 restaurant clients. In 2012, the companies said they processed a combined $ 875 million in gross food sales, bringing in $ 100 million in revenue (though neither has taken the unusual step of accepting Bitcoin as payment like competitor Foodler.)
The companies didn’t reveal any financial terms of the deal, nor did they unveil a name for the combined the company. GrubHub co-founder and CEO Matt Maloney will become CEO of the merged entity, while Seamless CEO Jonathan Zabusky will become President.
Related research and analysis from GigaOM Pro:
Subscriber content. Sign up for a free trial.
- Takeaways from connected consumer’s second quarter
- The evolution of consumer-media cloud storage
- Social media in Q1: commerce and discovery dominated