GrubHub

Founders

Matt Maloney and Mike Evans founded GrubHub, an online restaurant delivery service, in Chicago in 2004. Since then, they’ve expanded into 300 cities, and raised $84 million in venture financing. Matt currently serves as an advisory board member for The University of Chicago Booth School of Business, Polsky Center for Entrepreneurship,

Office/Headquarters: Where is the company located? Do they have a single headquarters, or do they have locations throughout the country/world?

Headquarters in Chicago, New York City and London.

Investors:

During the startup phase from 2004 to late 2007 Matt and Mike did not have any venture capital funding.

In November 2007, GrubHub secured $1.1 million in Series A funding (led by Amicus Capital and Origin Ventures), which enabled market expansion into San Francisco and New York. In March 2009, GrubHub earned $2 million in Series B funding, led by Origin Ventures and Leo Capital, which was followed by $11 million in Series C funding, led by Benchmark Capital in November 2010. $20 million in Series D funding was raised (led by DAG Ventures) in March 2011.

Products/Services:  What does the company offer its users/subscribers? Services, products, consumer goods?

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 30,000 takeout restaurants in more than 800 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams. Serves approximately 5.03 million active diners

Method of Making Money

GrubHub charges the restaurant a small fee for each order provided to them. GrubHub charges an average commission of 13.5% for restaurant orders placed through their websites and apps.

Revenues: $60.0 million, a 48% year-over-year increase from $40.7 million in the second quarter of 2014.

Target Customers: Who are the target customers for this company?

Grub Hub targets everyone who loves food but dislikes dealing with phone calls or in person ordering.

Anyone who knows how to use an electronic device can access Grubhub.com or the mobile application

How many customers do they currently have?

The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout Restaurants.

How does the company advertise its product/services?

The company advertise its product threw placing ads on many restaurants doors, on neighborhood walls, online banners and threw visual ads place around public transportation.

Competitors/Competitive Advantage: What companies offer services/products that compete with your chosen company? What sets your chosen company apart from its competitors?

Grub Hub compared to its competition those not charge its clients for use of its service. Some Competitors like eat24.com and Delivery.com.

Works Cited: You must document all the websites and articles you use to find the above information. Simply include a list of websites at the end of the blog post.

http://www.inc.com/scotty-cadenhead-and-malachi-leopold/how-software-engineers-matt-maloney-mike-evans-built-grubhub.html

http://about.grubhub.com/about-us/executive-team/default.aspx

http://en.wikipedia.org/wiki/GrubHub_Seamless

http://about.grubhub.com/about-us/what-is-grubhub/default.aspx

http://en.wikipedia.org/wiki/GrubHub_Seamless

http://about.grubhub.com/about-us/what-is-grubhub/default.aspx

http://qz.com/182961/grubhub-and-seamless-take-a-13-5-cut-of-their-average-delivery-order/