Grubhub Buys Campus Food Ordering Platform for $150M
Grubhub has struck a deal to buy Tapingo, a platform for campus food ordering, for $150 million.
With more than 150 college campus partners, Tapingo enables tens of thousands of order-ahead transactions per day for more than half a million active diners at on-campus cafes, restaurants, and cashier-less stores. The combination of Tapingo's network with Grubhub's restaurant marketplace and delivery capabilities will bring greater convenience to students and help campus restaurants capitalize on pickup and delivery orders.
Tapingo's U.S.- and Israel-based teams have built a technology platform custom designed for campus use, with direct integration into college meal plans and point-of-sale (POS) systems, ensuring seamless order-taking and accurate, up-to-the-minute transparency on wait times for diners. The Tapingo platform also streamlines operations and increases in-store efficiency for campus restaurant partners—including Taco Bell, Chipotle, Chick-fil-A, Panda Express and Jamba Juice—and powers partnerships with Aramark and Sodexo, the leading providers of food services and facilities management nationwide.
The third-party delivery service works with more than 85,000 restaurant partners in over 1,600 U.S. cities and London.
The deal is expected to close in Q4.