Yelp and Grubhub Complete Online Ordering Integration
20 March 2018 - 12:00AM
Business Wire
Yelp diners can now discover tens of thousands of new options
for delivery, while providing Grubhub restaurant partners with more
orders
Yelp Inc. (NYSE: YELP), the leader in connecting people with
great local businesses, and Grubhub (NYSE: GRUB), the nation's
leading online and mobile food ordering company, today announced
the successful integration of Grubhub’s restaurant network onto the
Yelp platform.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180319005405/en/
The combination of Grubhub's unmatched restaurant network and
efficient delivery infrastructure with Yelp's large
purchase-oriented audience positions us to generate thousands of
new diners and millions of orders for Grubhub restaurant partners.
Yelp users will be able to order from far more local restaurants,
while taking advantage of Grubhub’s overall lowest-cost
delivery.
“By tapping into Grubhub’s restaurant network, Yelp now offers
users the ability to order from a larger and better selection of
restaurants across the country,” said Jeremy Stoppelman, Yelp’s
co-founder and chief executive officer. “Our long-term partnership
with Grubhub strengthens Yelp’s competitive position in the
restaurant category, which brings millions of users to our platform
every day.”
“We’re thrilled to complete our integration with Yelp, which
enhances the online ordering experience for diners and will drive
more orders to our restaurants from Yelp’s tens of millions of
monthly users,” said Matt Maloney, Grubhub’s founder and chief
executive officer. “For the first time, Yelp users can order from
Grubhub’s huge network of local favorites, some that don’t provide
their own delivery services, including many of the most popular
restaurants in each market.”
As Yelp continues to provide more options to users, the company
is also carefully engineering new product experiences to make it
even easier to find, order and transact with restaurants that offer
food delivery and takeout. To accompany the inventory, Yelp
released a new mobile Delivery tab, available to iOS and Android
users, where consumers can find the very best local food delivery
and takeout. Through the Delivery tab, Yelp surfaces useful
information — like which restaurants offer free delivery or which
hot spots in your area offer delivery — to help consumers find the
most relevant ordering options available.
About Grubhub
Grubhub (NYSE: GRUB) is the nation's leading online and mobile
takeout food ordering marketplace with the largest and most
comprehensive network of restaurant partners, as well as the
largest diner base. Dedicated to connecting diners with the food
they love from their favorite local restaurants, Grubhub strives to
elevate food ordering through innovative restaurant technology,
easy-to-use platforms and an improved delivery experience. Grubhub
is proud to work with more than 80,000 restaurant partners in over
1,600 U.S. cities and London. The Grubhub portfolio of brands
includes Grubhub, Seamless, Eat24, AllMenus and MenuPages.
About Yelp
Yelp Inc. (NYSE: YELP) connects people with great local
businesses. Yelp was founded in San Francisco in July 2004. Since
then, Yelp has taken root in major metros in more than 30
countries. Approximately 29 million unique devices accessed Yelp
via the Yelp app, approximately 77 million unique visitors visited
Yelp via desktop computer and approximately 64 million unique
visitors visited Yelp via mobile website on a monthly average basis
during the fourth quarter of 2017. By the end of the same quarter,
Yelpers had written approximately 148 million rich, local reviews,
making Yelp the leading local guide for real word-of-mouth on
everything from boutiques and mechanics to restaurants and
dentists.
Forward-Looking Statements
This press release contains forward-looking statements regarding
Grubhub and Yelp management’s expectations and beliefs regarding
the long-term partnership between Grubhub and Yelp, as well as the
potential impact of the partnership on each company's business,
consumers and restaurant partners. Such statements constitute
"forward-looking" statements, which are subject to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements involve known and unknown risks,
uncertainties and assumptions that could cause actual results,
performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Such risks and uncertainties include,
but are not limited to, the matters set forth in the filings that
Grubhub and Yelp make with the Securities and Exchange Commission
from time to time, including those set forth under the caption
“Risk Factors” in each company’s Annual Report on Form 10-K
available at http://investors.grubhub.com/ and
http://www.yelp-ir.com, respectively, or the SEC’s website at
www.sec.gov. Please also note that forward-looking statements
represent management's beliefs and assumptions only as of the date
of this press release. Except as required by law, Grubhub and Yelp
assume no obligation to publicly update these forward-looking
statements, or to update the reasons actual results could differ
materially from those anticipated in the forward-looking
statements, even if new information becomes available in the
future.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180319005405/en/
Yelp Inc.Hannah Cheesmanhannahkc@yelp.comorGrubhubKatie
Norrisknorris@grubhub.com
GrubHub (NYSE:GRUB)
Historical Stock Chart
From Apr 2024 to May 2024
GrubHub (NYSE:GRUB)
Historical Stock Chart
From May 2023 to May 2024