GrubHub is the best food ordering platform and we just doubled our customer base,” said Matthew Maloney, GrubHub CEO.
GrubHub has rapidly expanded its offerings this year and offers delivery from over 20,000 restaurants.
“Delivery in general is growing for the first time in a really long time, which is going to make our industry more exciting going forward. This is happening because of smartphones,” Maloney added.
Online delivery has gone beyond restaurants like McDonald’s Corp and Yum Brands Inc’s Taco Bell to include most major U.S. food chains. Delivery.com said it would combine with GrubHub, a move that many expect to further intensify competition in the online food delivery space.
Amazon.com Inc and Walmart Inc were investing in same-day delivery, the report said.
Restaurant deliveries are a smaller part of GrubHub’s business, generating about $100 million in revenue in 2014 and serving less than 1 percent of total U.S. restaurant orders.
GrubHub shares were up about 16.4 percent at $46.65 in early trading. (Reporting by Ramkumar Iyer and Manya Venkatesh in Bengaluru; Editing by Kirti Pandey)
Read the original article on Reuters. Copyright 2017. Follow Reuters on Twitter.
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