GrubHub Seamless Files Confidentially for IPO

Carlin Sack

Blogs

Less than a year after Chicago’s very own Grubhub and New York-based Seamless announced their merger, the company is filing for an IPO, The Wall Street Journal announced today.

Although Grubhub Seamless hasn’t commented on the news and hasn’t named any numbers publically yet, the IPO is estimated to launch in the first half of this year.

Grubhub, a Chicago-grown company since it was founded in 2004, has raised about $85 million from firms such as Benchmark Capital and DAG ventures. The company has also benefitted from the support of the local investor community like Chicago-based Origin Ventures.

Seamless raised about $50 million in 2011 and The Wall Street Journal reported that the company, which was founded in 1999, had plans to go public on its own before it joined Grubhub.

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A few months after the companies merged, T. Rowe Price bought a stake in the combined company.

Together, GrubHub Seamless reaches 28,000 restaurants in 600 cities around the country, allowing the restaurants to post menus and allowing customers to order through the site. The company had a revenue of over $100 million in 2012, The Wall Street Journal reported.

The two companies have acquired a number of other startups in the space, such as MenuPages, Dotmenu which owns websites CampusFood.com and Allmenus.com.

Have a pitch or embargoed news for a future story? Email carlin@builtin.com.

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Randy Horton

Bloomberg Businessweek just posted a good story about this pending IPO titled "The Good News for GrubHub? People Want More Takeout" - http://www.businessweek.com/articles/2014-02-21/the-good-news-for-grubhu...

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