Groupon paid $69 million to acquire OrderUp delivery service

Here is how much Groupon paid for Canton food delivery startup OrderUp.

Groupon paid $69 million for food delivery app OrderUp, and could cough up another $20 million if the Canton startup meets financial targets, according to a regulatory filing.

The Chicago-based deals site revealed the terms in a Securities and Exchange Commission document filed this month. The companies announced the acquisition last month.

Groupon was still evaluating how much it will pay beyond the $69 million in cash, according to the filing.

OrderUp uses a mobile app and a network of drivers to deliver food from dozens of restaurants in 40 markets across the country. The drivers are considered independent contractors and can choose to accept or reject each order made through the app.

OrderUp is maintaining its headquarters at the Can Company despite the acquisition. It employs about 80 people there and 50 people elsewhere across the country.

Copyright © 2019, The Baltimore Sun, a Baltimore Sun Media Group publication | Place an Ad