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GrubMarket Named to 2023 CNBC Disruptor 50 List; Mike Xu Shares

GrubMarket Named to 2023 CNBC Disruptor 50 List; Mike Xu Shares


SAN FRANCISCO
Thursday, May 11th, 2023

Let's get a few cheers for GrubMarket! The wholesaler has marked 2023 as a year of success through ambitious strategies, investments, and acquisitions. In its latest achievement, the company has been named to the 2023 CNBC Disruptor 50 list.

Mike Xu, Chief Executive Officer, GrubMarket"We are proud to be among the select few recognized on the 2023 CNBC Disruptor 50 list," said Mike Xu, Founder and Chief Executive Officer. "Our inclusion is a reflection of our team's hard work and incredible dedication to digitizing the food supply chain in order to create a more sustainable and equitable food system. As we continue to build on our trajectory as a mission-driven technology enabler and driver of digital transformation for the food industry, we will cement our position as one of the world's fastest-growing and most profitable food tech companies for years to come."

The CNBC Disruptor 50 list highlights the most forward-thinking and ambitious companies that are changing their industries for the better.

GrubMarket was recently named to the 2023 CNBC Disruptor 50 list

This honor comes on the heels of a remarkable period of growth that includes several significant milestones, a press release explained, including launching the transformative GrubPay payment platform, establishing GrubMarket's Sustainable California initiative, and surpassing $1.5 billion in revenue while improving on profitability in 2022.

With this recognition, GrubMarket joins a group of companies that have been featured on the list over the years. All submissions were subject to a comprehensive process of research and evaluation across a wide range of criteria, as well as feedback from CNBC's editorial staff and a global pool of entrepreneurial experts.

Congratulations to GrubMarket on yet another impressive industry achievement!

GrubMarket
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