Amazon Raises Stake in Grubhub, Embeds Food Delivery in App
- Deal allows US users to order Grubhub meals directly on Amazon
- Parent Just Eat still wants to sell some or all of Grubhub
Amazon started offering members of its Prime program free delivery from Grubhub in 2022.
Photographer: Gabby Jones/BloombergAmazon.com Inc. is increasing its stake in Grubhub to as much as 18% and expanding its partnership with the food delivery service to allow US users to order takeout directly on Amazon’s website and shopping app.
Amazon already had a 4% stake in Grubhub, up from 2% when it announced its earlier deal with Grubhub in 2022. Under the new five-year agreement, Amazon will receive options for an additional 3% stake in Grubhub and another 1% a year from now, Grubhub’s Dutch parent Just Eat Takeaway.com NV said in a statement on Thursday. It will have the opportunity to increase the holding to 18%, depending on the performance of the partnership and the number of orders.