News Category: Company

Just Eat Takeaway.com and Amazon enter into commercial agreement in the US

Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), hereinafter the “Company”, or together with its group companies “Just Eat Takeaway.com”, one of the world’s largest online food delivery marketplaces, has entered into a commercial agreement with Amazon.com Services LLC (“Amazon”) in the United States.

Starting today, Amazon Prime members in the United States can sign up for a free, one-year Grubhub+ membership and access unlimited $0 delivery fees from hundreds of thousands of restaurants on Grubhub throughout the year. In addition to $0 delivery on eligible orders, Grubhub+ members get access to member-only perks and rewards.

The agreement is expected to expand membership to Grubhub+, while having a neutral impact on Grubhub’s 2022 earnings and cash flow, and be earnings and cash flow accretive for Grubhub from 2023 onwards.

Adam DeWitt, CEO of Grubhub, said: “I am incredibly excited to announce this collaboration with Amazon that will help Grubhub continue to deliver on our long-standing mission to connect more diners with local restaurants. Amazon has redefined convenience with Prime and we’re confident this offering will expose many new diners to the value of Grubhub+ while driving more business to our restaurant partners and drivers.”

Key Terms

The commercial agreement automatically renews each year unless terminated by Amazon or Grubhub in accordance with the provisions of the commercial agreement. Under the commercial agreement, a subsidiary of Amazon will receive warrants (exercisable at a de minimis price) over 2% of Grubhub’s fully-diluted common equity. Amazon will also receive warrants (exercisable at a formula-based price) over up to a further 13% of Grubhub’s fully-diluted common equity, the vesting of which is subject to the satisfaction of certain performance conditions, principally the number of new consumers delivered through the commercial agreement. In certain circumstances the warrants can vest on an accelerated basis, in full or in part. Vested warrants may, in certain scenarios, be settled in cash or Company shares.

The commercial agreement with Amazon constitutes a Class 2 transaction under the UK Financial Conduct Authority Listing Rules. The gross assets of Grubhub as at 31 December 2021 were €6,521 million and the loss before tax for the 12 months ending 31 December 2021 was €403 million.

The Company, together with its advisors, continues to actively explore the partial or full sale of Grubhub. There can be no certainty that any agreement with any other parties regarding Grubhub will be reached or about the timing or terms of any such agreement(s). Any further announcements will be made as and when appropriate.

Just Eat Takeaway.com

Jitse Groen, CEO

Brent Wissink, CFO

Investors:
Joris Wilton
E: IR@justeattakeaway.com

Media:
E: press@justeattakeaway.com

For more information, please visit our corporate website: https://justeattakeaway.com

About Just Eat Takeaway.com

Just Eat Takeaway.com (LSE: JET, AMS: TKWY) is a leading global online food delivery marketplace.

Headquartered in Amsterdam, Just Eat Takeaway.com is focused on connecting consumers and restaurants through its platforms. With over 634,000 connected partners, Just Eat Takeaway.com offers consumers a wide variety of food choice. Just Eat Takeaway.com mainly collaborates with delivery restaurants. In addition, Just Eat Takeaway.com provides its proprietary restaurant delivery services for restaurants that do not deliver themselves.

Just Eat Takeaway.com has rapidly grown to become a leading online food delivery marketplace with operations in the United States, United Kingdom, Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Poland, Slovakia, Spain and Switzerland, as well as through partnerships in Colombia and Brazil.

Market Abuse Regulation

This press release contains inside information (i) as meant in clause 7(1) of the Market Abuse Regulation and (ii) in terms of Article 7(1) of the Market Abuse Regulation as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018.

Disclaimer

 Statements included in this press release that are not historical facts are, or may be deemed to be, forward-looking statements, including “forward-looking statements” made within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “anticipates”, “expects”, “intends”, “may” or “will” or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results, reflect the Company’s current view with respect to future events and are subject to risks relating to future events, including risks from or uncertainties related to innovation; competition; brand & reputation; acquisitions; global strategic projects; technological reliability and availability; social change, legislation & regulation; data security and privacy; financial reporting, people, operational complexity of hybrid model and integration & transformation, as well as those contained in the Company’s filings with the SEC, including the Company’s registration statement on Form 20-F and Current Reports on Form 6-K, which may be obtained free of charge at the SEC’s website, http://www.sec.gov, and the Company’s Annual Reports, which may be obtained free of charge from the Company’s corporate website, https://justeattakeaway.com.

Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. Forward-looking statements reflect knowledge and information available at, and speak only as of, the date they are made, and the Company expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement. Readers are cautioned not to place undue reliance on such forward-looking statements.

No Offer or Solicitation

This presentation shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Grubhub’s ‘Serving the City’ Will Offer More Than 25,000 Meals to Communities in Need Across NYC

Bringing together local leaders, independent restaurants and community organizations, new program addresses recent surge in food insecurity

NEW YORK — Continued fallout from the pandemic and the rise in grocery prices due to inflation means more New Yorkers are facing food insecurity, and Grubhub’s Serving the City is partnering with members of the New York City Council to help address the need. Launching tomorrow, the program will run for at least 16 weeks and expects to deliver 25,000 meals to communities in need across each of the City Council’s 51 districts.

“Grubhub launched Serving the City to help address the surge in food insecurity which is up 36% citywide—and 46% among children,” said Adam DeWitt, Grubhub CEO. “And as with every community-first initiative, locking arms with local leaders helps ensure we maximize our impact by focusing on those who need it most. We’re off to an amazing start, and we can’t wait to roll this program out across the entire city as soon as possible.”

Tomorrow, at an event with Speaker Adrienne Adams (District 28), Serving the City will bring 500 meals from Unique Eats to two senior residences: Calvary Baptist Senior Housing (CALBAC) and Northeastern Towers Annex. 

“Food insecurity remains a challenge for many New Yorkers, including residents who live in District 28,” said Speaker Adrienne Adams. “Small businesses and restaurants are also struggling to recover from the pandemic, and need support from community partners. Grubhub’s new Serving the City initiative will bring together elected officials, local eateries, and residents to deliver meals to those who need it most. I thank Grubhub, Unique Eats, Calvary Baptist Senior Housing, Northeastern Towers Annex, and other partners throughout New York City for being part of this new innovative program.”

Last month, Grubhub kicked off a pilot of the program with Council Member Julie Menin (District 5), purchasing 500 meals from family-owned restaurant Mansion Diner and distributing them to area residents at The Stanley M. Isaacs Neighborhood Center. Additionally, in coordination with Council Member Majorie Velazquez (District 13), Grubhub purchased 500 meals from Havana Cafe that were distributed at the Throggs Neck Community Alliance. 

“Grubhub’s Serving the City initiative is an excellent partnership between community leaders, small businesses and an online food ordering company,” said Council Member Julie Menin, Chair of the City Council Small Business Committee. “By partnering with our local restaurants, GrubHub is truly committing dedicated resources to combating hunger in New York City.”

Photo of New York City Council Member Julie Menin (District 5) distributes meals at The Stanley M. Isaacs Center on May 25, 2022.
New York City Council Member Julie Menin (District 5) distributes meals at The Stanley M. Isaacs Center on May 25, 2022.

Over the next three months, Grubhub’s Serving the City will work with Council Members to help identify locations for meal distribution including housing authorities, senior centers and community organizations in their district. Local, independent restaurants will provide more than 500 meals at one or more distribution events per district. 

The COVID-19 pandemic and recent rise in grocery prices have increased food insecurity across the nation, impacting nearly 1.5 million New Yorkers, including one in four children. 

“The Isaacs Center is proud to partner with Grubhub, Council Member Julie Menin and the Mansion Diner in taking one more step towards eliminating hunger and food security in our community,” said Roderick L. Jones, president of the Stanley M. Isaacs Neighborhood Center.

Serving the City is the latest effort from Grubhub to help close the hunger gap. The company is a leading supporter of the Food Donation Improvement Act, which encourages companies to donate surplus food and grocery products to nonprofits by providing civil and criminal liability protection to food donors and food recovery organizations. Grubhub also partners with organizations fighting food insecurity, including Food Bank for NYC, Boys and Girls Clubs, and Rescuing Leftover Cuisine, a food rescue non-profit headquartered in New York City that purchases meals from minority and women-owned restaurants that are donated back into the community to food insecure families. Grubhub Community Fund grants to these and other related organizations totaled more than $2 million in 2021.

For more information about Grubhub’s Community Impact programs, visit https://about.grubhub.com/community/programs/.

Supporting Voices

“GrubHub’s Serving The City is taking bold initiative in combating the food insecurity that has been exacerbated by the pandemic,” said Council Member Marjorie Velázquez. “I was thrilled to partner with them and local restaurant Havana Café to provide meals and produce at Throggs Neck Community Alliance.”

“We were so excited to partner with Grubhub’s Serving the City program, along with Council Member Marjorie Velazquez, to provide nutritious and delicious meals from a local favorite restaurant, Havana Cafe,” said Angela Torres, director of Throggs Neck Community Alliance. “The pandemic and current inflation conditions have further weighed upon our community in the Bronx, but these meals were a welcome treat that brought nutrition and hope into the lives of our residents. On behalf of Throggs Neck Community Alliance, we extend our gratitude and cannot wait to see this project continue to make a profound impact.”

“Food insecurity is something that quite frankly is unacceptable in a city and, for that matter, a country like ours,” said John Phillips, 3rd generation owner of The Mansion Diner. “Millions of pounds of food are thrown in the garbage every single year, which is why we jumped at the chance to partner with NYC’s largest food delivery service to give back to the community which supports us all.”

“Upon opening Unique Eats NYC, it has been my mission to provide healthier, more diverse food options for the community,” said Chef Uniqua Grant, owner of Unique Eats NYC. “We pride ourselves on serving fresh, locally-sourced products which are always made to order! It’s an honor to Serve The City.”

Grubhub and Cartken Partner to Bring Robot Delivery to College Campuses

Robot delivery will be available on Ohio State University’s campus this fall

CHICAGO and OAKLAND, Calif., June 13, 2022 /PRNewswire/ — Grubhub, the leading online and mobile food-ordering and delivery platform on college campuses, and Cartken, a technology startup that specializes in self-driving, AI-powered robotics and delivery operations, announced a partnership today to bring robot delivery to college campuses. This delivery was piloted at Ohio State University this spring, and a full roll out is expected when students return to campus this fall.

Grubhub partners with more than 250 college campuses across the United States to give students the ability to integrate meal plans directly into their Grubhub account and access restaurants both on- and off-campus for delivery and pickup. The partnership with Cartken for autonomous robot delivery builds on Grubhub’s existing campus offering and is a seamless fit for campus environments, which are notoriously difficult for cars to navigate.

“Robot delivery is exciting for students and helps provide even better service and innovative solutions to our campus partners,” said Eric Harper, senior director of campus environments at Grubhub. “We’ve worked with Ohio State University for years on the campus dining front, and they are always an early adopter of solutions that create efficiencies for their operations and improve the student experience. We look forward to supporting our university partners and responding to their unique delivery environments as we roll out this technology at other campuses in the coming months.”

Cartken’s robots navigate pavements, crosswalks and pedestrian paths within the campus area without human guidance. The robots use Cartken’s artificial intelligence (AI) and camera-based navigation and mapping technology, which the company developed for small autonomous vehicles to safely operate around pedestrians. Human override remains an option if necessary – for instance when a path is blocked – guaranteeing reliable operation and minimizing delivery delays. Cartken’s robots operate at up to three miles per hour on campus and handle various weather conditions, including rain and snow.

“We’re thrilled to be working with Grubhub to delight students and campus staff with robot delivery,” said Christian Bersch, CEO of Cartken. “This collaboration perfectly aligns with our mission to use robotics and AI technology to provide friction-free and environmentally sustainable delivery, and have robots serve the community. We are excited to scale alongside Grubhub and offer robot delivery to students on campuses across the country.”

“Robot delivery has been very popular on campus this past school year, validating our prediction that students would appreciate autonomous mobile delivery,” said Zia Ahmed, senior director of Student Life Dining Services at Ohio State University. “We are excited about the return of robots to campus, and we have been testing the Cartken robots during the spring semester with the same vision to lower the cost of delivery, reduce the time it takes to deliver food and enhance sustainability.”

For more information on how administrators can bring this delivery experience to their campus, please visit here.

About Grubhub:

Grubhub is part of Just Eat Takeaway.com (LSE: JET) (AMS: TKWY), a leading global online food delivery marketplace. Dedicated to connecting more than 32 million diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub features more than 320,000 restaurant partners in over 4,000 U.S. cities.

About Cartken:

Cartken makes communities more connected by bridging the distance between customers and the local businesses they love. Our autonomous robot platform is designed to transport goods over short distances in malls, business parks and local neighborhoods. We use advanced autonomous technology, making our robots the safest and most reliable in the market today. Cartken’s team of engineers and operators combine deep expertise in self-driving cars, AI-powered robotics and delivery operations.

SOURCE Grubhub Inc.

MEANS Database and Grubhub Continue Food Recovery Initiatives

Contact Information:
Kenna Rogers, MEANS Database
kenna@meansdatabase.org
(202)-449-1507

Washington, DC — MEANS Database is pleased to announce the continuation of our partnership with Grubhub in order to support food recovery initiatives such as the Community Meal Program and Food Recovery Program.

With support from the Grubhub Community Fund, MEANS Database will be able to continue the Community Meal Program to provide funds to small businesses that provide culturally-appropriate meals to local nonprofits that serve community members facing food insecurity.

“MEANS Database is looking forward to continuing our work with Grubhub for 2022 and 2023. Through this partnership so far, we have provided 550,000 meals to nonprofits across the country and over $4 million to small and medium-sized restaurants as they recover from COVID-19 shutdowns. With this grant we are eager to continue to support nonprofits in seven cities and continue our food recovery efforts nationwide,” states Kenna Rogers, Senior Project Manager at MEANS Database.

Our Food Recovery Program supports both businesses and community members facing food insecurity in the short-term with food donations, while building a long-term sustainable network of businesses and nonprofit organizations for food recovery in the future. The creation of cooperative networks across the food system is essential for sustaining successful partnerships that reduce excess food waste.

“Grubhub has more than 320,000 independent restaurants at the heart of our business, and we are uniquely positioned to help connect them to incredible organizations like MEANS Database to make the most of their leftover food supply,” said Brett Swanson, Grubhub’s Sr. Manager for Community Affairs & Social Impact. “No one – especially the 13.8 million children in the U.S. who experience food insecurity – should have to wonder where they’ll get their next meal. The Community Meal Program and Food Recovery Program are absolutely critical resources for families and we’re happy to offer our support.”

MEANS Database is grateful for the opportunity to expand our Community Meal Program and Food Recovery Program to support communities across the country with the support of the Grubhub Community Fund.

####

MEANS Database modernizes food recovery by connecting excess food to organizations and individuals who need it. Our organization has two major goals: to reduce food waste and reroute that food to feed people facing food insecurity. Since 2015, MEANS Database has expanded its network to over 3,000 users in all 50 states and the District of Columbia and has successfully recovered over 4 million pounds of food. For more information, visit meansdatabase.org.

Grubhub Community Fund Announces Over $5.5 Million in Grants for New York City Nonprofits

NYC is Part of Nearly $20 Million to National Organizations Supporting Independent Restaurants, Closing the Hunger Gap and More

Contact: Liza Dee, ldee@grubhub.com

NEW YORK – New York City community organizations are set to receive $5.53 million this year from the Grubhub Community Fund (GCF), according to an announcement today. Grants will be distributed to organizations supporting independent restaurants, closing the hunger gap, and creating new opportunities in the food and beverage industry. The news comes as part of the GCF’s broader announcement of $19.8 million in grants to 27 organizations across the country, with additional programs and new partnerships still to be announced in the months ahead.

“Grubhub is committed to ensuring New York’s restaurants and neighborhoods not only survive but thrive as the city continues to recover from the pandemic,” said Dave Tovar, senior vice president of communications and government relations at Grubhub. “These grants are just the start. In the year ahead, the Grubhub Community Fund will deepen our longstanding support for restaurants, drivers and diners through grants and partnerships that will lift up independent businesses, create new opportunities for entrepreneurs, close the hunger gap and more.”

Among the New York City organizations that will receive grants through the GCF are Food Bank For NYC, Hospitality Pathways, the Queens Center for Progress, Rescuing Leftover Cuisine, the Tacombi Foundation, the Variety Boys & Girls Club of Queens, the Madison Square Boys and Girls Club, and Plant Powered Metro New York. Over the course of 2021, the GCF donated more than $25 million to over 23 charitable organizations across the country.

“Food Bank For New York City has had the benefit of partnering with Grubhub during the past two years,” said Janis Robinson, VP of Institutions and Partnerships at Food Bank For NYC. “Grubhub provided much needed support for food distribution during the pandemic. We are pleased to extend the partnership for the next three years, and continue to distribute food to communities where access to nutritious food is limited.”

“We are excited to partner with the Grubhub Community Fund on a state of the art teaching kitchen that will provide our young people access to healthy food and the means to prepare it in a healthy way,” said Costa Constantinides, CEO Variety Boys and Girls Clubs of Queens. “As we re-imagine our club into the 21st century, partnerships with organizations like Grubhub will help us go from serving 4,000 young people a year to close to 16,000 young people yearly. Together, we are building a stronger community and making positive change in the lives of the students we serve.”

###

Grubhub Community Fund Announces Nearly $700K in Grants for Chicago Nonprofits

Chicago is Part of Nearly $20 Million to National Organizations Supporting Independent Restaurants, Closing the Hunger Gap and More

Contact: Liza Dee, ldee@grubhub.com

NEW YORK – Chicago community organizations are set to receive $658,000 this year from the Grubhub Community Fund (GCF), according to an announcement today. Grants will be distributed to organizations supporting independent restaurants, closing the hunger gap, and creating new opportunities in the food and beverage industry. The news comes as part of the GCF’s broader announcement of $19.8 million in grants to 27 organizations across the country, with additional programs and new partnerships still to be announced in the months ahead.

“Grubhub is committed to ensuring Chicago’s restaurants and neighborhoods not only survive but thrive as the city continues to recover from the pandemic,” said Dave Tovar, senior vice president of communications and government relations at Grubhub. “These grants are just the start. In the year ahead, the Grubhub Community Fund will deepen our longstanding support for restaurants, drivers and diners through grants and partnerships that will lift up independent businesses, help close the hunger gap and workforce development opportunities within our industry.”

Among the Chicago organizations that will receive grants through the GCF are Nourishing Hope (formerly Lakeview Pantry), Youth Guidance, World Relief Chicago and World Relief Quad Cities, the Union League Boys and Girls Clubs of Chicago, the Ethiopian Community Association of Chicago, Jewish Child & Family Services of Chicago, Heartland Human Care Services Inc., and the East Central Illinois Refugee Mutual Assistance Center.

Nourishing Hope, formerly known as Lakeview Pantry, is a dynamic social services organization providing free food, mental health counseling and social services to any Chicagoan in need. In the months ahead, the Grubhub Community Fund grant will support Nourishing Hope’s innovative online market program, which includes the delivery of free groceries to clients unable to visit a distribution center.

“Grubhub’s investment in our work will allow us to expand our essential services, meeting even more people where they are,” said Kellie O’Connell, Nourishing Hope CEO. “The Grubhub Community Fund and Grubhub leadership have continued to step up in creative and exciting new ways to support our work and help us push the envelope through technology and innovation, empowering Nourishing Hope to serve more than 75,000 families across Chicago this year.”

“We are beyond excited about our partnership with Grubhub. The communities we serve in Chicago are among the most impacted by food insecurity, and support from the Grubhub Community Fund will bring healthy, delicious meals to more than 15,000 youth, provide them with resources and skills to make healthy food choices, and enrich the communities we serve through our annual Thanksgiving community dinners,” said Logan Heggemann, senior director of development at the Union League Boys & Girls Clubs. “Thank you to Grubhub for believing in the power of a healthy meal and putting their money where their mouth is by investing in Union League Boys & Girls Clubs and the more than 15,000 youth we serve at our 21 locations in Chicago. We can’t do this critical work feeding our communities without them.”

###

Grubhub Community Fund’s 2022 Nonprofit Partners Driving Long-Term Positive Change

27 Partners Confirmed and $19.8 Million in Grants to Community Organizations So Far This Year…And More to Come

By Dave Tovar
SVP Communications & Government Relations

For decades, companies have seen ever-increasing pressure to do more than deliver shareholder profits. Recent findings reported by Harvard Business School show that 95% of employees believe businesses should benefit all stakeholders—not just shareholders— including employees, customers, suppliers, and communities where they operate. 

Throughout my career, I’ve been extremely fortunate to work for some of the leading American brands, including their programs and initiatives to improve the communities they serve. The Walmart Foundation invested in programs that create economic opportunity, advance sustainability and equity and strengthen local communities. While at McDonald’s, I was able to work with the Ronald McDonald House Charities as our charity of choice and saw how they helped improve the health and well-being of children and their families. And during my time with Sprint, the company launched a massive program offering free devices and free internet service to unconnected students. After joining Grubhub almost one year ago, the opportunity to help further develop the company’s corporate giving – with greater strategic direction and measured impact – was a clear priority as our team grew.

Taking key learnings from existing partnerships, we’ve expanded our philanthropic efforts and evolved the way we partner with nonprofits to drive more meaningful, long-term change. So far this year, we have laid the groundwork to support programs and initiatives with 27 Grubhub Community Fund partners, supported by an expected $19.8 million in grants. This support will enable $11.3 million in restaurant grant programs. And, we’re not done yet. As we look to the second half of the year, new programs and partnerships are in the works that will launch in the coming months.

Fortunately, we are building on a strong foundation of corporate giving. Grubhub has a history of supporting independent restaurants, helping to eliminate food waste and fighting food insecurity in communities. The Grubhub Community Fund, with the support of our diners through our Donate the Change program, has enabled $21 million in grants to independent restaurants and provided 325,000 meals to food-insecure families. Additionally, Grubhub has given $500,000 in grants to drivers working to create meaningful change in their communities. In 2021 alone, the Grubhub Community Fund donated more than $25 million to over 23 charitable organizations. Looking back, it’s incredible to see how much has been achieved in just a few years since the Grubhub Community Fund launched. 

As our corporate giving continues to mature, we’re poised to make an even bigger impact supporting independent restaurants, closing the hunger gap and creating more opportunities in the food and beverage industry. At the end of the day, we will not only strengthen our company’s reputation and help us attract and retain the best talent, but they also show our diners how we support their restaurant neighbors and the communities they live in. And, our Grubhub customers should feel good knowing they’re directly supporting local restaurants and community-first initiatives with each order. 

 2022 GCF Confirmed Partners

(Updated June 2, 2022) 

National 

  • Feed The Soul 
  • National ACE 
  • NGLCC 
  • Restaurant Strong Fund 
  • UNHCR 
  • World Central Kitchen 

Local 

  • Ethiopian Community Association of Chicago 
  • FeedMore WNY
  • Food Bank for NYC 
  • Heartland Human Care Refugee and Immigrant Community Services  
  • Hospitality Pathways 
  • JCFS Chicago – HIAS Immigration & Citizenship 
  • Nourishing Hope (fka Lakeview Pantry) 
  • Madison Square Boys & Girls Club 
  • MEANS Database 
  • Momentum Advisory Collective 
  • Piatt Family Foundation 
  • Plant Powered Metro 
  • Queens Center for Progress 
  • Rescuing Leftover Cuisine 
  • Tacombi Community Kitchen 
  • The Refugee Center 
  • Union League Boys & Girls Club 
  • Variety Boys & Girls Club of Queens 
  • Youth Guidance 
  • World Relief Chicago 
  • World Relief Quad Cities 

The Grubhub Community Fund is a Donor Advised Fund at a national sponsoring organization. 

Street Cred Capital and Grubhub Partner to Launch Incentive Program for Mobile Carrier Employees

The Meals for Deals program incentivizes retail associates using Street Cred Capital’s lending tools by offering Grubhub meal credits

DENVER, Colo. and CHICAGO, June 02, 2022 (GLOBE NEWSWIRE) — Street Cred Capital, a fintech leader providing fast, fair and simple lending solutions tailored for the mobile industry, today announced a strategic partnership with Grubhub Corporate Accounts, the industry’s most flexible meal perks platform. The Meals for Deals partnership creates a universal incentive program for mobile carriers and merchants to reward sales performance. When an employee reaches a predetermined sales goal, they will receive meal credits to use and order on Grubhub’s Marketplace, featuring more than 320,000 restaurants in 4,000 cities.

Street Cred Capital will work with mobile carriers and merchants to collect monthly sales data reports and provide a tiered reward list to incentivize top stores and employees for reaching monthly sales goals. Using the data collected, Street Cred Capital will issue Grubhub meal credits to employees who reach those tiers on a monthly basis and Grubhub-catered lunches to top-selling stores so they can celebrate their performance as a team. Building on the traditional Grubhub Corporate Accounts offering where corporate clients are able to provide their employees with a daily or weekly stipend through a line of credit, the Meals for Deals program is a fun and exciting way for companies to reward employees for performance.

“At Street Cred, our first priority is to enable partner success via innovative mobile-centric tools that increase sales performance and deliver high customer satisfaction,” said Clint Fayling, CEO and founder of Street Cred Capital. “This first-of-its-kind partnership combines the unlikely combination of finance and food delivery, with a net result of rewarding employees that strive to provide the best customer experience.”

The rewards program provides myriad benefits to both merchants and employees, including:

  • Full-service account management, customer service.
  • No mobile carrier/merchant integration, implementation or management needed.
  • Zero merchant costs or fees.
  • Rewards delivered directly to each employee.
  • Monthly reporting and newsletter to identify top sales performers.
  • An effective employee incentive and retention tool.

“We know just how important food is to people; not only as a morale booster, but as an incentive for strong performance,” said Jeff Mirmelstein, vice president and general manager of corporate accounts at Grubhub. “It’s extremely validating to see companies like Street Cred Capital implement programs like this and see the value it provides employees.”

The Meals for Deals program will begin with an initial pilot of 100 stores before rolling out to all qualified Street Cred mobile carriers and merchants later this year. This program is just one of many ways Street Cred Capital provides the mobile industry with an unprecedented set of mobile-centric tools to enable a highly trusted, best-in-class payment option. For more information about Street Cred Capital’s first-of-its-kind program tailored for the mobile industry, visit streetcredcapital.com.

About Street Cred Capital

Street Cred Capital delivers the best-in-class lending program tailored for the mobile industry — and its customers. A Colorado-based leader in fintech, Street Cred provides fast and affordable lending solutions that empower mobile device carriers and retailers to grow their businesses. By delivering a configurable off-the-shelf lending program that connects consumers to several industry-leading lenders with a variety of financing options, Street Cred eliminates poor customer qualification experiences, low approval rates and high interest rates associated with current lending solutions while providing unparalleled buying power. To learn more about how Street Cred Capital improves engagement, productivity and profitability for all by providing equitable access to financing, please visit streetcredcapital.com.

About Grubhub

Grubhub is part of Just Eat Takeaway.com (LSE: JET, AMS: TKWY), a leading global online food delivery marketplace. Dedicated to connecting more than 32 million diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub features more than 320,000 restaurant partners in over 4,000 U.S. cities.

###

Grubhub Launches Pay Card for Corporate Clients to Enhance Order Flexibility and Build Community for Office and Hybrid Workers

Food remains a way that companies drive culture, promote morale and foster connections among employees – in the office and at home

CHICAGO, May 3, 2022 /PRNewswire/ — Grubhub, a leading U.S. food-ordering and delivery marketplace, today announced it will be offering a corporate pay card to help drive orders to local restaurants and increase order flexibility for in-office and at-home employees. The new Grubhub Pay Card will allow employees working for companies that have a Grubhub Corporate Account to order on and off the Grubhub Marketplace with their allocated line of credit, meaning they can use it at any restaurant that takes debit and credit card payment.

With a Grubhub Corporate Account, employers are able to give employees a line of credit to be used to order meals. Employers can set a framework for when employees can use the credit to order. Some may set time or location guidelines for when employees can use the credit, while others give employees a daily or weekly credit they can use wherever they’re working, whether in the office or at home. Now with the pay card, employees have more flexibility with ordering options expanded beyond the Grubhub Marketplace.

“Grubhub is on a mission to connect diners with great, local restaurants – and our new pay card is another tool to do just that,” said Jeff Mirmelstein, vice president and general manager of Corporate Accounts at Grubhub. “This card meets employees wherever they are, whether ordering from their go-to lunch spot on Grubhub, in-person at a local favorite restaurant, or grabbing groceries on the way home from the office. We are excited to help employees connect with one another and with great restaurants.”

With more employees working in a hybrid fashion – especially in rural communities with fewer restaurant options – ordering flexibility has become critical. The Grubhub Pay Card will provide employees with new choices when ordering meals since they aren’t restricted to ordering only to the office or from restaurants on the Grubhub Marketplace.

The pay card builds on Grubhub’s existing Corporate Accounts offering where employers can allocate a line of credit to employees as a perk to drive morale and engagement or be used to cover meals for those that are working late or hosting business meetings. Employers have the ability to add funds, set budget limits and restrictions on purchase categories.

Restaurants on the Grubhub platform are not charged commissions on orders placed in-person with this card, and the pay card complements the company’s ongoing efforts to support restaurants – both on and off its marketplace. Since the start of the pandemic, Grubhub has invested hundreds of millions of dollars to directly support restaurants, including over $130 million in reduced or waived fees to help drive more revenue to businesses when their dining rooms were closed, and has given more than $21 million in grants to thousands of restaurants across the country through its Donate the Change program.

The pay card is expected to be available later this year. For more information on Grubhub Corporate Accounts, please visit corporate.grubhub.com.

About Grubhub

Grubhub is part of Just Eat Takeaway.com (LSE: JET, AMS: TKWY), a leading global online food delivery marketplace. Dedicated to connecting more than 32 million diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub features more than 320,000 restaurant partners in over 4,000 U.S. cities.

SOURCE Grubhub Inc.

How Grubhub is Fighting Food Waste & Food Insecurity

While food insecurity is rapidly rising, the world is expected to waste 2.1 tons of food a year by 2030, according to Yale research. In the United States alone, $408 billion was spent on food in 2021 that was never eaten. That’s nearly a quarter of U.S. food going to waste instead of to those who need it.

Today, on Stop Food Waste Day, Grubhub is doubling down on its calls for Congress to pass the Food Donation Improvement Act (FDIA), which would strengthen existing laws for food donations, help prevent food waste, and provide relief directly to the millions of Americans who are experiencing food insecurity.

Alongside WW and other partners, Grubhub has been a leading backer of the Food Donation Improvement Act. Our vice president of government affairs, Amy Healy, recently joined Food Tank’s “Food Talk” podcast to discuss the role of the private sector in combating food insecurity – and why the government needs to make it easier for companies to donate food. 

As Amy explains, the Food Donation Improvement Act is an essential step toward bringing all businesses – not only large corporations, but also independent businesses, such as Grubhub’s restaurant partners – into the fight against food insecurity.

The Food Donation Improvement Act would build upon the Bill Emerson Good Samaritan Food Donation Act, which passed in 1996 to encourage companies to donate their surplus food and grocery products to nonprofits by providing civil and criminal liability protection to food donors and food recovery organizations. However, many food manufacturers, retailers, farmers, and restaurants still cite fear of liability. Expanding and clarifying existing liability protections for food donation is crucial to ensuring that companies can donate safe, quality foods, without a preventable concern about litigation.

Grubhub continues to meet with offices on both sides of the aisle to generate support for this legislation and to solicit additional cosponsors, with the hopes of the bill being included in upcoming relevant legislative packages.

We are also doing as much as we can right now to fight food insecurity and reduce waste, in hopes of inspiring our partners and competitors to do the same. Grubhub has donated millions to organizations like Rescuing Leftover Cuisine, a food rescue non-profit headquartered in New York City that is purchasing meals from minority and women-owned restaurants that are donated back into the community to food insecure families. We’ve also given to the MEANS Database, which with Grubhub’s donation is purchasing leftover food from restaurants in Chicago, Denver, Los Angeles, Las Vegas, Oakland, Philadelphia, Providence and San Francisco and donating it to underserved communities in need.

Grubhub Community Fund donations to these and other related organizations – including via our diners through our Donate the Change program – totaled more than $2 million in 2021, and we’ve recommitted to those partnerships for the year ahead.

It’s time for America to modernize its food donation laws so we can reduce waste while getting food into the hands of those in need.