GrubMarket Named to CNBC Disruptor 50 List for Second Consecutive Year

We are excited today to announce that we were named to the 2024 CNBC Disruptor 50 list, a highly-regarded honor awarded to the top private companies whose innovations are revolutionizing their industries and inspiring positive change globally. We have now earned a coveted spot on this list for the second consecutive year and rose 18 spots in the rankings compared to last year.

CNBC’s recognition comes on the heels of an enormous year of growth and impact for us, from launching the revolutionary GrubAssist AI product and becoming the first enterprise AI solutions provider for the food supply chain; to planting over 100,000 trees and successfully kicking off the Organic Transition Program with the first cohort of farmers in its Sustainable California initiative; to expanding its global footprint to doing business with partners in over 65 countries around the world. GrubMarket has also surpassed $2 billion in run-rate revenue, making it one of the largest private food tech companies in the U.S. by revenue, and has improved profitability for yet another consecutive year.

Our CEO Mike Xu comments: “It has been an incredible year for GrubMarket, and we are proud to be recognized on the CNBC Disruptor 50 list for a second consecutive year. This is a tremendous honor for us and a testament to our team’s exceptional dedication to creating a more equitable and sustainable food system powered by our best-in-class AI and software technologies. As we celebrate this achievement, we are excited to continue building on our trajectory as one of the world’s fastest growing and most impactful food tech companies.”

The CNBC Disruptor 50 list highlights today’s most forward-thinking and ambitious companies that are fundamentally changing their industries. As an honoree, GrubMarket stands beside a distinguished group of companies that have been featured on the list over the years, including DoorDash, OpenAI, Airbnb, Uber, and SpaceX. All submissions were subject to a comprehensive and rigorous process of research and evaluation across a wide range of quantitative and qualitative criteria, as well as feedback from CNBC’s editorial staff and a global pool of entrepreneurial experts from around the world.

For the full list of Disruptor 50 companies, please visit CNBC.com/Disruptors and see GrubMarket’s feature at https://www.cnbc.com/2024/05/14/grubmarket-cnbc-disruptor-50.html.