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Meet The CEO Of, An Underrated GrubHub Competitor

Meet The CEO Of, An Underrated GrubHub Competitor
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In a report issued Wednesday, Axiom analyst Victor Anthony profiled, an online order delivery service that allows users to purchase and get delivered food, alcohol, groceries, and laundry, directly from local merchants. According to its website, every day more than one million customers "explore their communities and order from more than 10,000 local businesses while at home, at work, or on the go."

Axiom had a conversation with CEO Jed Kleckner, who told them about's platform, how it is differentiated, and about what his long-term growth plans are.


  • The product mix allows the company to manage the seasonality inherent to food delivery. While the latter works as an entry point for customers, it is alcohol, groceries and laundry that are steadier.
  • The company plans to win long-term by, "building an end-to-end technology-enabled platform [which] will allow their platform to be embedded inside the merchant's systems. Over time, the plan is when a consumer places an order, that order flows into the merchant's point-of-sale (POS) system," the report explained.
  • "The merchant can confirm by way of the POS and they can select to do the delivery themselves or by way of the API, in real-time, select to have the delivery handled by a third party... The entire platform is built on an API and they believe that they have the most comprehensive API for local commerce in the U.S. That allows them to run their own business on top of it –so they run their own direct channel (desktop web, mobile web, and the native apps) on top of the API. However, the API is open on both the demand and supply side. That allows them to expose their merchant content to other demand aggregation content providers like Yelp and others to come in the months ahead (we will have to assume Google)."
  • The company is testing its platform in Hong Kong. Although there are no plans to expand further for now, this is a first step towards international expansion.
  • plans to incorporate new verticals, like pet supplies, food supplies and office supplies.
  • The company has an omni-channel approach to marketing, which allows it to take advantage of several strategies.

Of note, Anthony calls GrubHub Inc (NYSE: GRUB) a competitor to Axiom does not currently rate Grubhub stock.

Image credit: Public Domain

Latest Ratings for GRUB

Feb 2018KeyBancMaintainsOverweightOverweight
Feb 2018Morgan StanleyMaintainsOverweightOverweight
Feb 2018Canaccord GenuityMaintainsBuyBuy

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Posted-In: axiom Google Jed Kleckner Victor AnthonyAnalyst Color Analyst Ratings Interview Best of Benzinga


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