GrubMarket has acquired Good Eggs

Quick Summary:

More consolidation is taking place in the world of online food delivery.

The terms of the deal are not being disclosed but we understand from sources close to the deal that it was a stock transaction with a valuation marginally higher than Good Eggs’ last valuation, which was $22 million.

With a pretty relentless eye on margins, unit economics, KPIs, and long relationships with suppliers — and I’d add a pretty intense work ethic, judging by the lack of sleeping hours of its founder — GrubMarket is profitable and has been for some time.“Profitability is in our DNA,” Xu said.“We know how to get things profitable.

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets: United StatesIndiaSaudi ArabiaTurkey

Topics: Good Eggs Food delivery Commerce Food GrubMarket

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 09:08:52 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1278 words

Reading Time: 8 minutes read

Sentences: 55 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21954214

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