Dueling Acquisitions Heat Up the Food Delivery Market
Seamless, a New York company focused on bringing delivery and takeout services to the Web, has acquired MenuPages for its database of 35,000 menus. Seamless, which made the acquisition from New York Media for an undisclosed amount, said the combined companies have 240 employees and are expected to book $400 million in orders this year. Last week, Seamless’s competitor, GrubHub of Chicago, raised $50 million and acquired Dotmenu and Allmenus. Terms were not disclosed. GrubHub projects that order revenues will total $225 million.