Olo ties up with retailer Amazon.com Inc’s restaurant delivery service

News Hour:

Online food ordering company Olo said on Friday it has tied up with retailer Amazon.com Inc’s restaurant delivery service.

The partnership will help thousands of Olo restaurant customers to connect with Amazon Restaurants’ delivery services, Olo said.

Shares of rival food order and delivery service GrubHub Inc were down 5.8 percent at $50.40 in premarket trading. The integration would help Olo’s customers list menus and manage orders in multiple places, the food ordering platform said, reports Reuters.

Olo has an exclusive network of more than 200 restaurant brands, including Applebee’s and Chipotle, across 40,000 locations in the United States.

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