The holiday season might be affecting the venture firms given the numerous funding awarded early this month. GrubHub, the leading online food delivery site, has announced that it has secured $1.1 million in Series A Funding.
With the additional funding, GrubHub plans to increase visibility to all of these groups in their current markets of San Francisco and Chicago. GrubHub will also use the capital to expand to up to 4 urban markets in 2008.
Established in Chicago in 2005 and recently launched in San Francisco, GrubHub allows individuals to use the Internet to conduct local searches and place orders, online or by phone, for restaurant food delivery.
It is designed so that city residents who are too tired, busy or unable to cook can search for restaurants that will deliver by simply typing their address. This free service also provides the ability to view menus as well as rate and review local neighborhood restaurant favorites.
Originally posted on November 14, 2007 @ 2:09 am