|
A startup called Wonder is now the new owner of Grubhub. The food delivery app announced its acceptance of the deal on its website earlier today.
Wonder acquired Grubhub from the Dutch food company Just Eat Takeaway for $650 million. Pending regulatory approval, the deal will close early next year. Wonder also announced it has raised an additional $250 million in venture capital funding "to further its mission and growth."
Chicago software engineers Matt Maloney and Mike Evens founded Grubhub in 2004 as an online restaurant ordering service and an alternative to those paper menus that showed up on doorsteps and in junk mailings. The company merged with the automated food ordering and delivery company Seamless in 2013. Just Eat Takeaway bought Grubhub in 2020 for $7.3 billion at the height of the COVID-19 pandemic.
The numbers for restaurant delivery apps started to drop once the pandemic became part of history and people started going out again. Legal troubles started in 2021 when Chicago took Grubhub and some of its competitors to court for alleged unfair business practices and fees. Companies like DoorDash eventually settled but Grubhub's legal battle with Chicago is still raging in court, according to the Chicago Business Journal.
The District of Columbia won a similar lawsuit against Grubhub in 2021 that ended with a $3.5 million settlement. The following year, Gr
|
RELATED ARTICLES | | |
|
The biggest shopping day of the year is just around the corner, and steep discounts on home, kitchen, electronics, and other categories are already hitting the internet.
|
|
This Yeedi M12 robot vacuum and mop deal saves you both time and money just in time for the busy holiday season.
|
|
This year's holiday shopping frenzy has already begun. Don't miss out on these early deals.
|
|
