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Delivery platform Grubhub to give $30 million of credit to restaurants

Reuters
·1-min read

NEW YORK (Reuters) - The third-party delivery provider Grubhub Inc <GRUB.N> on Thursday will notify more than 100,000 restaurants using its platform that they each will get a $250 credit - at a total cost to Grubhub of up to $30 million - to help offset losses from the coronavirus crisis.

The restaurants - only small, independent outlets or regional chain franchises - will get the credit, to be used as part of a dinner promotion, taken off their bills at the end of the month.

The company had already deferred commission fees, which restaurants pay for advertising on the platform, as delivery firms try to help restaurants offset steep losses from dining rooms they have been forced to close to comply with government mandates.

(Reporting by Hilary Russ; Editing by Dan Grebler)