Friday, July 17, 2015

Groupon Acquires Food Delivery Startup OrderUp

Groupon, a deal website known for its connecting users with local deals, has acquired a food delivery startup OrderUp. Financial terms of the deal were not disclosed. The deal provides a big boosts to Groupon's presence in the $70 billion on-demand food delivery market. 

Founded in 2009 and based in Baltimore, OrderUp is the most complete on-demand food delivery marketplace operating in nearly 40 markets across the United States. The food delivery startup provides easy access to great food from locals' favorite restaurants. It operates in 26 states and serves metropolitan areas such as Baltimore and Denver, and also areas with large student populations such as Boulder, Colorado and Baltimore. 


Under Groupon, OrderUp will continue to operate as a standalone brand with inventory cross promotions through Groupon's marketplace and merchant pages. Groupon will maintain its current Baltimore headquarters and its 15,000-square-foot space at the Can Company in Canton. 

Groupon CEO Eric Lefkofsky said in a statement that: “The potential in delivery and takeout is apparent-especially with the growth of mobile-and OrderUp's operational ability, coupled with Groupon's engaged customer and merchant base, bring tremendous scale to the space.”

OrderUp processed more than 10 million orders, it brings food ordering and deliver expertise. Combined this expertise with Groupon's online presence, the deal creates an online and food delivery marketplace of significant size and reach ( approximately 25 million North American Groupon's users).

Before the acquisition, OrderUp has raised $10 million in investment last year, including $7 million from Revolution Ventures. Currently, OrderUp employs 80 people in its Baltimore headquarters and another 50 people across the United States.

Image Credit: TechCrunch and BaltimoreSun

No comments:

Introducing A Great Place To Find A Job

The marketplace where tech companies compete to hire you. Meet 5 to 15 top companies in one week with salary info upfront. You’re in demand. Shouldn’t companies you love come to you with offers upfront? We think so. That’s why Hired is changing the way you find your next job with a faster, more transparent job search process built specifically for Python Programmers, RoR Developers, Java Programmers, Software Engineers, Big Data Scientists, Data Scientists, DevOps, UI/UX Designers, Product Managers, and Web Developers.

Hired is the first two-sided marketplace created specifically for Engineers, Data Scientists, Designers and Product Managers who are overwhelmed with job opportunities.

We believe recruiting should be transparent, unbiased, and that the talent should be in control. Our one week “auctions” provide upfront offers from vetted and funded companies, dedicated talent advocates, and a $2,000 signing bonus.

Our mission is to make hiring, or getting hired, less painful. Hired.com: A Whole New Recruiting Model.


THE PREMIER MARKETPLACE FOR TECH TALENT
BEGIN THE NEXT CHAPTER IN YOUR CAREER TODAY


Learn More: GET HIRED!
What is managed cloud? Managed cloud lets you tap the power of the cloud for your strategic business goals without the frustration, cost, and time of managing it yourself.

Learn more about Managed Cloud and Rackspace the #1 managed cloud company
 —empowering you to move beyond the limitations of do-it-yourself cloud with the support of thousands of expert engineers. 







VMware: Virtualizing the Entire Data Center



Virtualizing the Entire Data Center by: VMware, The World's Leader in Virtualization and Cloud Infrastructure

VMware vSphere Essentials delivers the industry-leading virtualization platform for small businesses at an affordable price. Small businesses can virtualize their physical servers and centrally manage these servers, reducing hardware costs and increasing operating efficiency with a low upfront investment.
Provides cost-effective server consolidation and management for small offices

Learn more about the VMware vSphere Essentials