GrubHub Files for $100 Million IPO

By
Tip in cash?

The time has come for the food-delivery behemoth briefly known as GrubHub-Seamless to go public, and the company's planned $100 million IPO affords a surprising look at the power it derives from the combined force of its several thousand vendors: GrubHubs revenue for last year was a walloping $137.1 million, derived from some $1.3 billion in combined gross food sales. The earnings for 2013 are a 67 percent increase from the prior year, and the merged companies have a base of "3.4 million active diners." All of this goes to say that you should keep feeling bad about requesting extra napkins when you order delivery online, because the cost of those two-plys still comes out of the pockets of your local greasy spoon's owner. [TechCrunch via Eater, Earlier]