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With $1 Billion-Plus in Gross Food Sales, GrubHub Files for IPO

GrubHub, the online food ordering service that includes both the Grubhub and Seamless brands, has filed for an IPO in which it will try to raise up to $100 million. Revenue hit $137 million in 2013, a 67 percent increase over the prior year, but net income dropped to $6.7 million from $7.9 million in the prior year. In August, GrubHub merged with competitor Seamless, helping the combined entity top $1 billion in gross food sales last year.

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