European-based Just Eat Takeaway has entered a definitive agreement to buy Grubhub for $7.3 billion.
%%excerpt%% A $250 payment per restaurant (from Grubhub) doesn’t sound like a lot but it’s going to be a huge difference, says Grubhub CEO Matt Maloney. We’re looking at it as a stimulus almost because the way we’re rolling it out is a consumer gets $10 if they spend $30.
“We are a marketplace that sells demand generation,” says Grubhub CEO Matt Maloney. “We sell growth. That’s what our primary product is. We’re not a logistics company. We do logistics because we know that’s an end to get to restaurant growth and make money off our logistics. If you’re selling consumers, you’re selling growth, and you can charge a lot for that.”