are seamless and grubhub the same company

And while not much is known about the still-private Postmates and DoorDash, which are also direct meal-delivery competitors to GrubHub, some articles suggest that these companies are still reaching for profitability - while GrubHub has generated $45 million in GAAP net income and $94 million in free cash flow in the year to date.

UberEATS, in particular, is beleaguered by the drama surrounding its parent, which is growing quickly but losing billions in the process, while getting used to new CEO Dara Khosrowshahi and fending off boardroom drama from founder Travis Kalanick.

As did Spoonrocket, which shut down a year earlier.Īnd then there's the companies that are still around - but struggling to make it. The divergence in GrubHub's stock performance relative to Blue Apron's is a tale of two cities:Įlsewhere in the food-delivery world, venture-backed Sprig (which had raised nearly $60 million from venerable VCs such as Greylock) and Maple ($30 million raised) closed their doors earlier this year. The company has responded by laying off a massive portion of its workforce. Blue Apron, for example, operates in the accursed meal-kit space, and this year it's been met by both a decline in revenue growth and customer retention as well as logistics challenges at its new fulfillment center in Linden, New Jersey. GrubHub's success is set against a backdrop of failures in the broader 'food-tech' industry - and though these companies tend to fall under the same umbrella, they operate starkly different business models. And with its most recent quarter, GrubHub's growth trajectory looks set to continue, even as it reaches for a gigantic $6 billion market cap. GrubHub, which went public in 2014 at a price of $26, has returned over 150% to investors in just three years. There's something magic about the way GrubHub (NASDAQ: GRUB) continues to succeed despite high-profile flameouts like Blue Apron (NYSE: APRN), one of the biggest decliners among tech IPOs this year.

Are seamless and grubhub the same company