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Amazon is taking a 2% stake in Just Eat Takeaway.com's delivery service, Grubhub, and will offer the struggling service to Amazon Prime members for a year.
Just Eat, a Netherlands-based food delivery app, is still looking for a buyer as it struggles to keep pace with delivery rivals.
Amazon.com Inc. agreed to add Grubhub to its suite of Prime services in the U.S., in a deal that also gives the e-commerce giant the option to acquire a small stake, the parent of the food-ordering company said.
Grubhub parent Just Eat Takeaway.com said it continues to explore possible sale of the U.S. meal delivery service.
Amazon tried but then ultimately stepped away from building its own cost-intensive Grubhub and DoorDash competitor in the U.S. back in 2019. Now three years on, it's taking a different approach to tackling the space to build in one more sweetener to encourage more sign-ups to its Prime subscription service.
Just Eat Takeaway and Amazon have partnered to give Amazon Prime members access to free deliveries in the Anglo-Dutch meal ordering company's U.S. unit Grubhub app.
Just Eat Takeaway, Europe's largest meals delivery company, said on Wednesday it has not changed its stance on its U.S. Grubhub operations.
Shares in Europe's largest online meal ordering company Just Eat Takeaway.com hit an all-time low on Tuesday amid dual doubts the loss-making company will successfully sell its U.S. Grubhub operation, and whether it will be able to reach profitability without additional funding.
Europe's largest online meal ordering service is raising the commission it charges to restaurants throughout the region. As Reuters reported Monday (June 27), Just Eat Takeaway, which owns Grubhub, will increase its commissions by 1%.
Food delivery platform Grubhub is giving drivers instant access to their wages following a partnership with PayPal and Visa, according to a press release emailed to PYMNTS on Tuesday (June 14). Instant Cashout via Direct to Debit is enabled by Hyperwallet from Paypal and Visa Direct, Visa's real-time money movement network.