Lehmann was optimistic enough at some point in the last year that he expressed confidence in a private conversation that a merger would happen, according to one source. The CEOs of both companies - DoorDash’s Tony Xu and Postmates’ Bastian Lehmann - have discussed a potential deal at least once in person in the last year, these people said. in a bid to take on better-funded competitors like GrubHub, Uber and Amazon, multiple sources have told Recode. GrubHub boss Matt Maloney will become CEO of the newly combined venture, while Seamless CEO Jonathan Zabusky will become president.Postmates and DoorDash have discussed a merger that would unite two of the largest restaurant-delivery startups in the U.S. “The combined organization’s name and marketing brands are expected to be determined following regulatory approval,” the companies said. Blog reviews suggest GrubHub is more user-friendly than its former chief rival.įor now, the two companies will look unchanged to customers, although that is likely to change when the deal closes. GrubHub, which has gained a bigger following among the college crowd, carries its own customer reviews alongside Yelp’s. While the companies provide essentially the same service - ordering with the click of a mouse button - Seamless carries lengthy customer reviews of restaurants and wait times and has a stronger foothold among corporate customers. The sites also compete with and, among others. Although sales were not broken down by company, Seamless is believed to be the bigger of the two.īoth sites earn money by taking an estimated 10 percent to 20 percent of the restaurant’s check. The merged company will boast annual revenue of $100 million on $875 million in food sales.
The combined delivery network will serve some 500 cities and include more than 20,000 local takeout restaurants. New York-based Seamless will join forces with Chicago rival GrubHub to offer a wider menu of takeout options and improved technology to deliver food faster. Two of the fastest growing food-ordering websites - Seamless and GrubHub - have agreed to merge, creating a combination that can satisfy cravings from salad wraps to sushi rolls. For a city obsessed with food delivery, this was a deal made to order.
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