Grubhub has been around since 2004 and has since become one of the largest online food delivery services in the United States. In 2018, the company was acquired by Menlo Ventures and Yelp for $2.
28 billion.
Grubhub has made a profit in every year since it began operations, but its most recent year, 2018, was its most profitable. In 2018, the company generated $2.28 billion in revenue. The company’s net income was $142.
8 million, which was a growth of 116% from the previous year. Grubhub’s CEO, Dan Schulman, credited the company’s growth to its focus on technology and delivery.
Looking forward, Grubhub plans to continue to grow by expanding its delivery services to new markets and developing new technologies. The company is also focused on sustainability and reducing its environmental impact.
