How GrubHub Seamless will capture a bigger bite of the $70 billion takeout market
GrubHub Seamless has already captured 20% of the $9 billion market for online ordering from restaurants - but now it wants to get into the delivery business, too.
Based on company estimates charted for us by BI Intelligence, Americans spend only $9 billion a year ordering food from restaurants online, which is just a fraction of the $70 billion market for food takeout and delivery. Of that $9 billion, GrubHub Seamless only handled about $1.8 billion in restaurant takeout sales in 2014.
A delivery service will be a major motivator for restaurants that don't currently offer deliveries, since GrubHub Seamless is now willing to handle that aspect of the experience. (Uber has been experimenting with a service like this, too.) To help jumpstart this delivery initiative, GrubHub Seamless says it recently acquired two restaurant delivery services - Restaurants on the Run, and DiningIn - that currently deliver for more than 3,000 restaurants in the U.S.
