Amazon agreed Wednesday to take a 2% stake in Grubhub, in a deal that would see the expansion of food delivery benefits to their customers.
The deal, confirmed by the European owners of Grubhub, Just Eat Takeaway, includes an option for Amazon to increase its stake to up to 15% if profits increase and more customers are brought in.
“I am incredibly excited to announce this collaboration with Amazon that will help Grubhub continue to deliver on our long-standing mission to connect more diners with local restaurants. Amazon has redefined convenience with Prime and we’re confident this offering will expose many new diners to the value of Grubhub+ while driving more business to our restaurant partners and drivers,” CEO of Grubhub Adam DeWitt said.