From Grubhub Idea to $200 Million Net Worth
Matt Maloney, the architect behind Grubhub, has built a fortune estimated at $200 million. His story is a testament to perseverance, ingenuity, and a dash of luck.
Grubhub’s Food Delivery Dominance
Maloney co-founded Grubhub in 2004, revolutionizing the way people order food by connecting them with an extensive network of restaurants. This simple idea became a goldmine, with Grubhub going public in 2014, raising an impressive $2 billion.
Despite Maloney’s departure as CEO in 2021, Grubhub’s success continued. Just Eat Takeaway acquired it for a whopping $7.3 billion in 2021, only to sell it to Wonder Group Inc. in 2024 for $650 million. Regardless, Grubhub remains a pioneer in the booming food delivery industry.
The Guiding Force Behind Grubhub
Mike Evans, Grubhub’s co-founder, was instrumental in shaping its trajectory. His vision for Grubhub as a bridge between hungry diners and beloved restaurants propelled the company to greatness. Under his leadership, Grubhub’s user-friendly interface and extensive restaurant partnerships made it the go-to food delivery destination.
Mike Evans’ Entrepreneurial Journey
In 2016, Evans embarked on a new chapter, leaving Grubhub to pursue other ventures. Driven by his problem-solving spirit, he founded Fixer, a platform that seamlessly connects homeowners with skilled handymen. Today, Fixer continues to thrive under Evans’ guidance, demonstrating his unwavering commitment to improving people’s lives through technology.
The Future of Grubhub
Under Wonder Group Inc.’s ownership, Grubhub’s future looks bright. The acquisition is part of Wonder’s ambitious plan to expand its global food delivery presence. With Grubhub’s established brand and loyal customer base, the partnership promises continued growth and innovation in the industry.