close
close

Mondor Festival

News with a Local Lens

Just Eat sells Grubhub to Marc Lore’s Wonder for 0 million
minsta

Just Eat sells Grubhub to Marc Lore’s Wonder for $650 million

Just eat sells Grubhub to Wonder, a fine food hall delivery startup in a deal worth $650 million. The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals. Wonder is owned by businessman Marc Lore, former Walmart e-commerce CEO and co-owner of the Minnesota Timberwolves.

Wonder started as a multi-restaurant food truck service offering fine dining and evolved into dining hubs where staff quickly prepare dishes prepared by top chefs like Bobby Flay. Customers can order from “over 30 restaurants” from the Wonder app, combining them into one delivery.

With Grubhub under its belt, the company plans to integrate the delivery app into its platform. In a press release, Lore says Wonder will soon offer a “dining super app” that includes “a curated selection of Grubhub restaurant partners right in the Wonder app,” as well as groceries and meal kits (Wonder also owns Blue Apron). It also plans to integrate Wonder locations into the Grubhub experience for third-party deliveries.

According to The Wall Street JournalJust Eat purchased Grubhub for more than $7 billion in 2021. Wonder has 28 locations in the northeastern United States, including New York, and will open seven more by the end of the year.