Amazon, Grubhub aim to take bite out of food delivery market

Amazon.com Inc.'s partnership with Grubhub Inc., a popular food delivery company

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Amazon acquired a 2% equity stake in Just Eat Takeaway.com NV, the Dutch-based parent company of Grubhub

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The stake could ultimately be as high as 15%

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if certain performance targets are met

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Following the deal, Amazon Prime subscribers can now sign up for a free one-year Grubhub+

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membership to receive free delivery on all food orders placed through the app,

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Amazon said July 6. The move is expected to squeeze competitors like Uber Technologies Inc. and DoorDash Inc

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