Grubhub for Sale AGAIN??? What Happened and How Did They Get Here?
Deliver on Your Business
English - April 22, 2022 22:00 - 48 minutes - 33.4 MB - ★★★★★ - 16 ratingsCareers Business grubhub doordash postmates uber eats independent contractor gig economy delivery side hustle Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Just Eat Takeaway, who purchased Grubhub less than a year ago for $7.3 billion, has announced that they may consider selling off part or all of the Grubhub.
What happened here?
Did Jitse Groen (CEO of Just Eat Takeaway) buy a lemon? This is an expensive case of buyer's remorse for the Dutch delivery giant.
Within just months of closing the deal, investors were pushing for the company to bail out on Grubhub. Apparently, they finally decided to listen.
While it doesn't mean it's a done deal, I can't help but think they have to be pretty serious about the idea (more than just “exploring” the thought of a sale) if they're going so far as to make it public. One has to wonder if they're already in talks.
We address this topic in the latest episode of Deliver on Your Business. Even more, we dive into just what happened with Grubhub. A few years ago, Grubhub was Doordash. They were the dominant king of the delivery industry with no real rival.
How did this happen???
Related links
Episode page on EntreCourier website
Want to see it on Youtube?
Discussion with UDM about the changes with Grubhub
Discussion on EntreCourier about the Grubhub Just Eat merger
Discussion on EntreCourier about Grubhub (and others) response to pandemic
Topics:
Grubhub used to be the king 2:50The root cause of Grubhub's demise: Arrogance 3:49My story of delivering for Grubhub and what I liked about it 4:30When things started to change: 7:22Fast food, Taco Hell and the explosion of Cherry Picking 9:19Grubhub begins cracking down on drivers 11:46Driver loyalty to Grubhub erodes and erodes FAST 13:34Grubhub's relationship to restaurants erodes 18:53Adding restaurants to platform without permission 19:13Fake websites and marketing charges 21:44Grubhub botches restaurant relations during the pandemic 23:00Grubhub's relationship with customers goes south as well 27:10What happens next for Grubhub? 35:19Who would possibly buy Grubhub? 39:10The case for (and against) an Uber sale 39:27The case for a sale to Amazon 43:43The impact of Just Eat Takeaway moving to an employee model in Europe 45:05Could the same fate happen to Doordash in the near future? 45:45