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The delivery provider’s stock, which has a market value of $6.7 billion, is down 38% over the last year. Once the market leader, Gruhub has lost market share to rivals like DoorDash and Uber Eats, according to analysts.
Dunkin’ delivery through Grubhub will be available at 400 New York City locations through Seamless, Grubhub’s New York brand. The companies plan to expand to other markets in the coming months, including Boston, Chicago and Philadelphia.
Dunkin’ began testing delivery with Grubhub in February. The coffee chain also has a delivery partnership with DoorDash in select markets, including parts of New York and New Jersey.
Meanwhile, Dunkin shares were little changed on the news. The stock, which has a market cap of $6.6 billion, is up less than 1%.