News Category: Company

GrubHub To Participate In William Blair Growth Stock Conference

CHICAGO, June 4, 2014 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced that Matt Maloney, Chief Executive Officer and Adam DeWitt, Chief Financial Officer, will present at the William Blair Growth Stock Conference on June 10, 2014, at 10:10 a.m. CDT. The conference will be held at the Four Seasons Hotel in Chicago.

The presentation will be webcast live and available by visiting the “Investor Relations” section of the company’s website at investors.grubhub.com. The webcast will be accessible via the company’s website for 30 days after the conference ends.

About GrubHub
GrubHub Inc. (NYSE: GRUB) is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout restaurants in more than 700 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

Contacts:

  Anan Kashyap

  Abby Hunt

  Corporate Finance & Investor Relations                      

  Press Relations

  ir@grubhub.com

  press@grubhub.com. 

GrubHub To Celebrate IPO And First Day Of Trading On NYSE

CHICAGO, April. 4, 2014 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the nation’s leading online and mobile food-ordering company, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “GRUB” following its initial public offering. Co-founder and CEO Matt Maloney, joined by members of GrubHub’s senior team and board, celebrated the initial trading day by ringing the Opening Bell.

GrubHub connects hungry diners to local restaurants with an easy-to-use and powerful online and mobile ordering platform. Since its founding more than 10 years ago, GrubHub Inc., along with its portfolio of brands GrubHub, Seamless, MenuPages, and Allmenus, has become the leading online and platform in the takeout space, generating growth and profitability through a powerful two-sided network of restaurants and diners.

Photo 1
GrubHub rings NYSE Opening Bell®.

Photo 2
View of the trading crowd surrounding the GrubHub IPO on the NYSE.

Photo 3
GrubHub executive team from the NYSE.

Video
The NYSE Opening Bell®.

About GrubHub Inc.
GrubHub Inc. is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 28,800 takeout restaurants in more than 600 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams. GrubHub Inc. has more than 600 employees, with offices in Chicago, New York and London.

Forward-Looking Statements:
This press release contains forward-looking statements, which are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these statements.  Forward-looking statements include information concerning the offering.  These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may” or similar expressions.  Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that we will effect the offering. Accordingly, you should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

GrubHub Inc. Announces Pricing of Initial Public Offering

CHICAGO, April 3, 2014 /PRNewswire/ — GrubHub Inc. (“GrubHub”) (NYSE:  GRUB), the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants, today announced the pricing of its Initial Public Offering of 7,405,614 of its common stock at a price to the public of $26.00 per share. In addition, GrubHub has granted the underwriters a 30-day option to purchase up to an additional 1,110,842 shares of common stock from certain selling stockholders at the Initial Public Offering price. The shares are expected to begin trading on the New York Stock Exchange on April 4, 2014.

Citigroup and Morgan Stanley are acting as joint book-running managers for the offering.  Allen & Company LLC, BMO Capital Markets Corp., Canaccord Genuity Inc., Raymond James & Associates, Inc. and William Blair & Company, L.L.C. are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with, and on April 3, 2014, was declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717 or by calling (800) 831-9146; and Morgan Stanley at Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by calling (866) 718-1649.

Forward-Looking Statements:
This press release contains forward-looking statements, which are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these statements.  Forward-looking statements include information concerning the offering.  These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may” or similar expressions.  Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that we will effect the offering. Accordingly, you should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

GrubHub Files Registration Statement for Proposed Initial Public Offering of Common Stock

CHICAGO, Feb. 28, 2014 /PRNewswire/ — GrubHub Inc., formerly known as GrubHub Seamless Inc., announced today that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The registration statement filed today represents the Company’s initial public filing pursuant to the provisions of the Jumpstart Our Business Startups Act of 2012. The common stock is expected to be listed on the New York Stock Exchange under the symbol “GRUB.” The number of shares to be offered and the price range for the offering have not yet been determined.

The GrubHub Inc. portfolio of brands includes GrubHub, Seamless, MenuPages and Allmenus.

Citigroup and Morgan Stanley will act as joint book-running managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to these securities may be obtained when available from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 1-800-831-9146; or from Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by telephone at 1-866-718-1649.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About GrubHub Inc.
GrubHub Inc. (the “Company”) is the nation’s leading online and mobile food-ordering company dedicated to connecting hungry diners with local takeout restaurants. The GrubHub Inc. portfolio of brands includes GrubHub, Seamless, MenuPages and Allmenus. The Company’s online and mobile ordering platforms allow diners to order directly from approximately 28,800 takeout restaurants in more than 600 U.S. cities and London, and every order is supported by the Company’s 24/7 customer service. GrubHub Inc. has offices in Chicago, New York City and London.

SOURCE GrubHub Inc.

For further information: Investor Relations: Anan Kashyap, GrubHub Inc., Email: ir@grubhub.com, or Media Relations: Abby Hunt, GrubHub Inc., Phone: 773-250-0501, Email: press@grubhub.com

GrubHub Seamless Announces T. Rowe Price Ownership Stake

Leading Investment Manager Becomes Shareholder Through Private Sale

CHICAGO, Aug. 20, 2013 /PRNewswire/ — GrubHub Seamless, the nation’s leading online and mobile food ordering company, today announced that strategies managed by T. Rowe Price, the Baltimore-based investment manager that manages more than $600 billion in assets, have become shareholders in the newly merged company through a private secondary sale.

(Logo: http://photos.prnewswire.com/prnh/20130820/CG66276LOGO)

The T. Rowe Price shareholders, led by Portfolio Manager Henry Ellenbogen, gained an ownership stake in the company following the close of the GrubHub Seamless merger transaction by purchasing some shares from early investors. Financial terms of the sale were not disclosed.

“We are thrilled to add T. Rowe Price to our valued network of strategic stakeholders, further strengthening our position in the industry,” said Matt Maloney, GrubHub Seamless CEO. “Given their impressive track record of successfully investing in high growth, scalable businesses, we will no doubt benefit from their insights as we continue building our restaurant network, attracting new diners and generating profitable growth.”

“We are excited to become a shareholder of GrubHub Seamless,” said Ellenbogen. “The foundation laid by both companies prior to the merger positions the combined organization for incredible growth in a largely untapped market.”

About GrubHub Seamless
GrubHub Seamless is the nation’s leading online and mobile food-ordering company dedicated to connecting hungry diners with local takeout restaurants. GrubHub Seamless owns a portfolio of brands that includes GrubHub (www.grubhub.com), Seamless (www.seamless.com), MenuPages (www.menupages.com) and Allmenus (www.allmenus.com). The organization’s free online and mobile ordering platforms allow diners and 4,000+ corporate businesses to order directly from approximately 25,000 takeout restaurants in more than 500 U.S. cities and London, and every order is supported by the organization’s 24/7 customer service. GrubHub Seamless is a privately held company with offices in Chicago, New York City, Salt Lake City and London.

Seamless North America LLC and GrubHub Inc. Complete Merger

CHICAGO and NEW YORK, Aug. 9, 2013 /PRNewswire/ — Seamless North America LLC and GrubHub Inc. today announced they have completed their previously announced merger.

The combined organization, operating under the name GrubHub Seamless, will continue to support both the GrubHub and Seamless brands, connecting diners with approximately 25,000 restaurants for online and mobile ordering across the country and in London. In the first half of 2013, the combined organization processed approximately 130,000 orders a day.

“These companies are the standard bearers of online ordering and have been for more than 15 years, charting the course for takeout technology and generating billions of dollars for local restaurants,” said Matt Maloney, GrubHub Seamless CEO. “We are excited to take our collective experience and move forward together to set a new industry standard for restaurants, diners and corporate clients.”

About GrubHub Seamless
GrubHub Seamless is the nation’s leading online and mobile food-ordering company dedicated to connecting hungry diners with local takeout restaurants. GrubHub Seamless owns a portfolio of brands that includes GrubHub (www.grubhub.com), Seamless (www.seamless.com), MenuPages (www.menupages.com) and Allmenus (www.allmenus.com). The organization’s free online and mobile ordering platforms allow diners and 4,000+ corporate businesses to order directly from approximately 25,000 takeout restaurants in more than 500 U.S. cities and London, and every order is supported by the organization’s 24/7 customer service. GrubHub Seamless is a privately held company with offices in Chicago, New York, Salt Lake City and London.

Seamless and GrubHub Announce Merger

Combined Networks, Services and Products Will Drive Additional Restaurant and Diner Value

Enhanced Financial Strength Will Allow Organization to Better Scale in Rapidly Growing Food-Ordering Industry

CHICAGO and NEW YORK, May 20, 2013 /PRNewswire/ — Seamless North America LLC and GrubHub Inc. today announced the signing of a definitive agreement to merge two of the nation’s premier services for ordering takeout. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry diners and enhance services to corporate clients.

The combined organization will enable diners and companies in more than 500 cities across the U.S. to order from more than 20,000 local takeout restaurants. In 2012, the online and mobile platforms of the two organizations sent approximately $875 million in gross food sales to local takeout restaurants, resulting in combined revenue well in excess of $100 million.

“We are excited to combine the strengths of these two dynamic organizations in an industry that is rapidly gaining traction. We believe the merger will enhance the products we are able to offer both our diners and restaurants,” said Matt Maloney, GrubHub co-founder and CEO. “GrubHub and Seamless share a common goal to generate more business for local takeout restaurants while providing the best possible service to diners. By combining our complementary restaurant and diner networks, we are well positioned for continued growth in a massive market.”

“By bringing together some of the industry’s most celebrated products, including Seamless’s award-winning iPad app and GrubHub’s innovative Track Your Grub, we will be able to drive more value to all company stakeholders,” said Jonathan Zabusky, CEO of Seamless. “Both companies also share a strong commitment to provide world-class service to restaurants, diners and corporate clients. This merger is an opportunity to glean the best from each platform and improve upon what we bring to all of our partners.”

Key strategic benefits of the merger include:

  • Broader network and product offerings. The expansive network and diversified products and services of the combined organization will strengthen the company’s ability to serve restaurants and diners across the U.S. and U.K.
  • Accelerated innovation. The anticipated pooling of the combined organization’s research and technology will help to streamline product development and better address the evolving needs of this dynamic industry.
  • Enhanced financial flexibility and strength. The merger will allow the company to pursue growth opportunities while continuing to invest in its current business.

Matt Maloney will serve as chief executive officer of the new organization, and Jonathan Zabusky will serve as president. GrubHub and Seamless shareholders will both have significant representation on the combined company’s Board of Directors. Brian McAndrews, an independent director on the Seamless board prior to this transaction, will serve as chairman of the new, combined board. The merger is subject to regulatory approval.

The combined company’s management team is expected to draw upon the experienced group of leaders from both companies. As well, the combined organization’s name and marketing brands are expected to be determined following regulatory approval.

Latham & Watkins LLP acted as legal counsel to Seamless. Citi served as financial advisor and Goodwin Procter acted as legal counsel to GrubHub.

About GrubHub
GrubHub is a leading online and mobile food-ordering service that shows diners local restaurants available for delivery or pick up. Available in more than 500 cities across the nation, GrubHub features more than 20,000 online ordering restaurants and, as the parent company of Allmenus, lists approximately 250,000 restaurant menus. Diners who order through GrubHub’s free website or mobile apps can pay with cash, credit or PayPal™, and every order is supported by GrubHub’s 24/7 customer service. Founded in 2004, GrubHub is a privately held company headquartered in Chicago.

About Seamless
Seamless is a leading mobile and online service for ordering delivery and takeout food from more than 12,000 restaurants in the U.S. and UK. Seamless serves diners and many of the world’s largest companies across cities including New York, Los Angeles, Washington DC, Boston, Chicago, San Francisco, Philadelphia, Houston, Austin, Seattle, Portland, Miami, London and other major U.S. cities. The company offers mobile applications for iPad®, iPhone®, Android™, and BlackBerry® and owns MenuPages®, a comprehensive mobile and web provider of up-to-date menu content.

GrubHub Redefines Takeout with Track Your Grub

Status Notifications and Order Mapping Another First for Industry Leader

CHICAGO, Nov. 13, 2012 /PRNewswire/ — GrubHub, the nation’s number one online and mobile food ordering service, today unveiled the beta release of Track Your Grub™, a new set of features that provide GrubHub diners with real-time notifications and order mapping. Track Your Grub features are now live for select GrubHub diners in six cities, with more restaurants adopting the technology every day.

To view the multimedia assets associated with this release, please click http://www.prnewswire.com/news-releases/grubhub-redefines-takeout-with-track-your-grub-178170571.html

Track Your Grub is made possible through the integration of GrubHub’s in-restaurant OrderHub™ tablet and new delivery driver mobile app, DeliveryHub™. Diners are provided with unparalleled transparency into the ordering and delivery process through Track Your Grub’s SMS text notifications and live mapping of delivery orders.

Track Your Grub provides GrubHub diners with:

  • Order confirmation SMS texts containing updated delivery and pickup estimates;
  • SMS text notifications when food is available for pickup or has left the restaurant for delivery; and
  • In select areas, mapping functionality on GrubHub’s mobile ordering apps, allowing diners to track the last leg of the delivery process.

“We’ve always focused on introducing technology that meets the needs of both our restaurants and diners,” said Matt Maloney, GrubHub co-founder and CEO. “Track Your Grub empowers our diners with the knowledge of exactly where their food is in the takeout process while giving our restaurants tools to make their operations more efficient.”

GrubHub’s OrderHub technology was introduced in May 2012 to help streamline the order confirmation process, while DeliveryHub was quietly rolled out in early October as the industry’s first comprehensive delivery app. DeliveryHub helps drivers to be more efficient with their delivery routes and links with OrderHub to provide real-time updates to GrubHub diners.

Participating restaurants are clearly identified with a Track Your Grub badge on GrubHub’s website and mobile apps. In addition to the notifications, select restaurants in Chicago and New York City are giving diners mapping visibility for the last let of the delivery process. Restaurant adoption of Track Your Grub, both notifications and order mapping, will continue throughout the rest of 2012 and into 2013.

For more information on GrubHub and Track Your Grub, visit www.grubhub.com or view the GrubHub Track Your Grub video.

About GrubHub
GrubHub is the nation’s leading online and mobile food ordering platform that shows diners local restaurants available for delivery or pick up. Available in more than 400 cities across the nation, GrubHub features more than 17,000 online ordering restaurants and, as the parent company of Allmenus, lists approximately 250,000 restaurant menus. Diners who order through GrubHub’s  website or mobile apps can pay with cash, credit or PayPal™, and every order is supported by GrubHub’s 24/7 customer service. Founded in 2004, GrubHub is a privately held company and is headquartered in Chicago.

Related Link
GrubHub

SOURCE GrubHub

For further information: Abby Hunt, +1-773-250-0501, ahunt@grubhub.com

GrubHub Secures $50 Million and is Acquiring Campusfood and Allmenus

Company to Focus on its Increasing Footprint and Mobile Development

CHICAGO, Ill. (September 14, 2011) – GrubHub, a web and mobile service that connects diners to restaurants and simplifies online ordering for delivery and pick up, has raised $50 million in Series E funding to aggressively focus on its mobile development and acquire New York-based Dotmenu, the parent company of Campusfood and Allmenus. This Series E funding is led by Lightspeed Ventures with Mesirow Financial, Benchmark Capital, Greenspring Associates and DAG Ventures participating. Terms of the acquisition will not be disclosed.

“Since starting GrubHub with my partner Mike Evans in his apartment in 2004, we’ve sent over $200 million in delivery and pick up orders to independent restaurants across the country,” said Matt Maloney, GrubHub co-founder and CEO.  “With our unwavering focus on providing the best service to diners and the most efficient technology to restaurant owners, we have grown to become the leader in the online ordering space. It is precisely for this reason that we are acquiring Dotmenu. Dotmenu has shown great expertise in servicing the college market, and by combining our extensive networks, we will become the foremost resource for diners and restaurants for their online ordering needs.”

The Series E and Dotmenu acquisition comes just six months after GrubHub raised $20 million in funding led by DAG Ventures. The funding rounds, coupled with the acquisition, strengthen GrubHub’s position as the category-defining leader in the industry.

Through the acquisition, GrubHub will have the largest restaurant listing in the country with 250,000 restaurant menus in over 50 major cities and countless college towns across the US.  The two companies are projected to send over $225 million in combined order revenues to independent restaurants in 2011, and will continue together to achieve more aggressive growth in the years to come.

“GrubHub has a strong presence in the top US markets,” said Michael Saunders, Founder and President of Dotmenu.  “This, combined with our network across more than 300 college campuses, allows us to build upon the strong relationship we have with our diners long after they graduate. The acquisition will enable us to make an immediate impact on our restaurants by sending more orders their way.”

GrubHub is free for diners who order and pay for their meals with cash, credit or PayPal™. Restaurants pay commissions for each online order they receive from GrubHub, and every order is supported by GrubHub’s 24/7 customer service. Restaurants that do not currently partner with GrubHub can still list their telephone numbers and menus for free.

Visitors to the site or mobile users enter their address to see every local restaurant that delivers to them. Diners can view menus and coupons, read reviews and order for free online, by phone or through the GrubHub iPhone and Android apps.

 

“By combining its ability to aggressively scale its footprint and mobile platforms with Dotmenu’s proven leadership in college markets across the country, GrubHub is the clear leader in the online ordering space,” said Bill Gurley, general partner of Benchmark Capital. “This move will make GrubHub a household name, such as Benchmark’s other on-line portfolio companies OpenTable, Yelp and Zillow.”

There are more than 300,000 delivery and takeout restaurants in the country. On average, GrubHub users order out more than 10 times a month and over 22 percent of GrubHub’s revenues come through mobile orders. Pickup and delivery are the fastest growing segments in the restaurant industry, which is one of the largest sectors of the U.S. economy. With more people searching for restaurants and ordering food on-line and through smartphones, the opportunity for continued growth is substantial.

“GrubHub and Dotmenu have a shared vision to make online and mobile food ordering easier and more efficient for diners and restaurants,” said Maloney. “The acquisition is a natural fit for us and we are extremely excited to be able to share our mobile capabilities with their expansive network of diners and restaurants. This is an amazing opportunity for both companies.”

About GrubHub
GrubHub is a ventured-backed company founded in 2004 by Chicago-based software engineers Matt Maloney and Mike Evans.  The website shows consumers all of the local restaurants that deliver to them and allows diners to order directly online, by phone or through the GrubHub iPhone and Android app. Both apps are free from their respective app markets, and it is also free for diners to order online at GrubHub.com.

The rapidly growing company currently services Chicago, New York, Los Angeles, San Francisco, Boston, Philadelphia, Washington D.C., San Diego, Orange County, Oakland, Seattle, Portland, Denver, Boulder, Miami, Dallas, Fort Worth, Houston, and Phoenix, with plans to add more cities in 2011.

About Dotmenu

For over a decade now, Dotmenu has been making it easier to stuff food into people’s faces. Thanks to the massive growth of our flagship websites Allmenus and Campusfood, Dotmenu has expanded its waistline to become the largest online food delivery network in the world with over 2 million registered users, nearly half of whom are college graduates.  Having started out on just 18 campuses in 2000, Campusfood is now the number one late-night pizza and wings solution on 300 college campuses. Allmenus boasts over 250,000 menus, connecting famished Americans with their favorite restaurants in nearly every major city.

For further information: Media contact: press@GrubHub.com

GrubHub Secures $20 Million from DAG Ventures and Benchmark Capital

Company to Focus on R&D, Acquisitions and Mobile Apps

CHICAGO, Ill. (March 9, 2011) – GrubHub, a web and mobile service that connects diners to restaurants and simplifies online ordering for delivery and carry-out, has raised $20 million in Series D funding led by DAG Ventures with Benchmark Capital participating. The new round comes after preemptive interest and just four months after the company’s $11 million funding led by Benchmark in November 2010. The Series D funding will enable GrubHub to expand its investment in R&D, acquisitions and mobile applications while increasing its reach to more new markets. The company has raised $34 million to date.

“GrubHub is the market leader in the restaurant online ordering space,” said John Cadeddu, Managing Director at DAG Ventures. “GrubHub has clearly demonstrated its ability to double its growth year over year by successfully launching new markets and driving more orders through its mobile platform. This is a scenario where both the business model and leadership is top in its class, and our investment can be put to immediate use to fuel growth and reinforce market dominance.”

Frustrated by the lack of restaurant delivery information available on the Internet, founders Matt Maloney and Mike Evans created GrubHub in 2004 to organize and simplify restaurant information available to consumers. Visitors to the site or mobile users enter their address to see every local restaurant that delivers to them. Diners can view menus and coupons, read reviews and order for free online, by phone or through the GrubHub iPhone and Android apps.

“Right now, with over 13,000 restaurant menus on our site, we have one of the largest networks of independent restaurants,” said Matt Maloney, co-founder and CEO of GrubHub. “Within the next three months, we’ll list over 80,000 restaurants. By connecting hungry diners to all their neighborhood restaurants, we are providing a valuable service to consumers and restaurants.”

GrubHub sent $85 million in orders to restaurants in 2010 and is projected to send $200 million in orders by the end of this year.