Just Eat is selling Grubhub to Marc Lore’s Wonder for $650M
Just Eat is selling off Grubhub to fancy food hall delivery startup Wonder 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, the former Walmart e-commerce CEO and part-owner of the Minnesota Timberwolves.
Wonder started as a multi-restaurant food truck service delivering fine dining and evolved into food hall hubs where staff quickly cook pre-prepared foods crafted by big-name chefs like Bobby Flay. Customers can order from “upwards of 30 restaurants” from the Wonder app, combining them into one delivery.
With Grubhub coming under Wonder’s belt, the company plans to integrate the delivery app into its platform. In a...