Grubhub, a Chicago-based food-ordering and delivery service company, announced on Tuesday that it was acquiring Israeli tech company Tapingo, a leading platform for college campus food ordering, for $150 million.
Tapingo, founded in 2012 by Udi Oster and Daniel Almog, serves students in more than 150 colleges, universities and professional campuses across the US, processing tens of thousands of transactions daily, the company says.
Get our weekly newsletter directly in your inbox!Sign up
Grubhub has 85,000 restaurant partners across 1,600 US cities, and London.
The transaction to acquire Tapingo is expected to close later this year, Grubhub said in a statement.
Grubhub founder and CEO Matt Maloney said: “We are excited to add Tapingo, a company that shares our vision of bringing greater convenience to diners and improving the restaurant ordering and pickup experience through technology. We value the college student population, many of whom we hope become life-long Grubhub diners with their first order.
“Tapingo makes students’ lives easier, allows merchants to efficiently capitalize on online ordering, and enables colleges and universities to give students the technology they’ve come to expect,” he added.
Almog, who serves as Tapingo’s CEO, said “joining Grubhub is an important step forward for Tapingo. Grubhub is the industry leader in food delivery, allowing us to provide even greater value to our campus partners and student diners with access to Grubhub’s technology and delivery expertise.
“By joining forces with Grubhub’s network of over 85,000 restaurant partners that offer online delivery and pickup, we’ll continue to serve our loyal diners long after they graduate from college, which has always been our aspiration,” he said.