GrubHub files for IPO
GrubHub is a company that runs the Seamless restaurant delivery app. The company is profitable, according to the IPO filing. GrubHub hit $137 million in 2013 revenues and a $38 million net income. The company has been profitable for 3 years straight and is growing at about 66% per year.
GrubHub lists 28,000 restaurant clients and 3.4 million active diners that uses their apps. The app is used for ordering 135,000 meals per day (known as Daily Average Grubs).
The employee count at the company is now 680. GrubHub has around $86 million in cash now.
GrubHub and Seamless merged this past May and GrubHub CEO Matt Maloney was named the CEO of the combined company. Seamless CEO Jonathan Zabusky was named President.