Chicago-based food ordering startup GrubHub is merging with its rival Seamless, creating a company with more than $100 million in revenue and a combined network of more than 20,000 local takeout restaurants across the U.S. GrubHub and New York-based Seamless connect diners to restaurants that offer takeout and delivery, taking a cut of transactions processed through their technology platforms. The companies said they collectively processed about $875 million in food sales last year via their website and mobile applications. They have operations in more than 500 cities in the U.S.
Walmart’s experimentation with subscription-based commerce continues today, with the public launch of Goodies.co, a food subscription service featuring boxes of sample-sized treats shipped monthly. The service is the latest to emerge from @WalmartLabs, the retailer’s Silicon Valley-based innovation lab focused on quickly building, launching, and testing new business models that may or may not make their way to Walmart.com or Walmart stores at a later date.
Science Inc. has announced the launch of their latest operation, Urban Remedy, a wellness-focused startup that delivers juices, meal replacements, and healthy snacks. The company launches with $1 million in seed funding from Science and a group of angels with experience in the beverage industry.
Committed to health and healing, Founder Neka Pasquale directed her energies into Traditional Chinese Medicine (TCM) and Acupuncture, which reinforced her understanding that food is medicine.