Seamless, GrubHub Join Forces
Two top food delivery websites, GrubHub and Seamless LLC, announced on May 20 that they will merge to create a combined empire for food delivery services. The plans still have to be approved by U.S. regulators.
“We have the luxury of having two amazing brands right now,” Matt Maloney, CEO and co-founder of GrubHub, told ABC News.”Honestly, we don’t have plans to consolidate brands at this time. We are looking to position ourselves as a combined unit within this massive industry.”
Although financial terms could not yet be released, both brands said that they plan to combine their love of food and culinary certificates and business knowledge, with Maloney acting as the CEO of the combined company and Seamless CEO Jonathan Zabusky serving as president.
“This has nothing to do with cost savings; it has everything to do with increasing growth,” Maloney told Bloomberg. “We’re totally focused on the top line and how we continue to drive more orders for our restaurants.”
According to USA Today, the two companies had a combined $875 million in gross food sales, which totaled to a combined revenue of more than $100 million. When GrubHub and Seamless officially merge, they will offer delivery services at 20,000 restaurants in 500 cities across the U.S. This merger will offer fast and easy delivery from some of the nation’s best chefs and restaurateurs, some of whom may have learned their skills from online cooking courses.
“We are going to be able to do some really cool stuff to redefine online ordering,” Maloney told ABC News.