date:Mar 25, 2014
ckholders.
The company is seeking capital to extend its network to more cities across the United States to sustain growth.
GrubHub had about 28,800 restaurants and 3.4 million active users in its network as of Dec. 31, and processed an average of 135,000 orders daily in 2013.
The company's revenue jumped 67 percent to $137.1 million in 2013, while net profit slid to $6.8 million from $7.9 in 2012.
GrubHub is the latest consumer dotcom name to tap public markets in 2014. China's Twitter-like