Grubhub acquires food delivery platform Tapingo for $150mn
Grubhub has announced that it has acquired food ordering platform Tapingo in a $150mn deal.
San Francisco-based Tapingo is a food ordering platform that caters for students at 150 college campuses across the US.
The startup processes tens of thousands transactions a day for more than half a million active diners at on-campus cafes, restaurants, and cashier-less stores.
Chicago-based Grubhub said that the acquisition will help campus restaurants capitalise on pickup and delivery orders.
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"We are excited to add Tapingo, a company that shares our vision of bringing greater convenience to diners and improving the restaurant ordering and pickup experience through technology," said Matt Maloney, Grubhub's founder and chief executive officer.
"We value the college student population, many of whom we hope become life-long Grubhub diners with their first order.
"Tapingo makes students' lives easier, allows merchants to efficiently capitalize on online ordering, and enables colleges and universities to give students the technology they've come to expect."
"Joining Grubhub is an important step forward for Tapingo," added Daniel Almog, Tapingo's co-founder and chief executive officer.
"Grubhub is the industry leader in food delivery, allowing us to provide even greater value to our campus partners and student diners with access to Grubhub's technology and delivery expertise,"
"By joining forces with Grubhub's network of over 85,000 restaurant partners that offer online delivery and pickup, we'll continue to serve our loyal diners long after they graduate from college, which has always been our aspiration."
In August, Grubhub also reported that it had acquired LevelUp — a mobile payments and loyalty rewards program platform — for $390 million in cash.