Just Eat is selling Grubhub to Marc Lore’s Wonder for $650M

Just Eat is trading disconnected Grubhub to fancy nutrient hallway transportation startup Wonder successful a woody worthy $650 million. The transaction is expected to adjacent successful the first 4th of 2025, taxable to regulatory approvals. Wonder is owned by businessman Marc Lore, the erstwhile Walmart e-commerce CEO and part-owner of the Minnesota Timberwolves.

Wonder started arsenic a multi-restaurant nutrient motortruck work delivering good eating and evolved into nutrient hallway hubs wherever unit quickly navigator pre-prepared foods crafted by big-name chefs for illustration Bobby Flay. Customers tin bid from “upwards of 30 restaurants” from the Wonder app, combining them into 1 delivery.

With Grubhub coming nether Wonder’s belt, the institution plans to merge the transportation app into its platform. In a property release, Lore says Wonder will soon connection a “super app for mealtime” that includes “a curated action of Grubhub’s edifice partners straight successful the Wonder app,” arsenic good arsenic groceries and repast kits (Wonder besides owns Blue Apron). It besides plans to merge Wonder locations into the Grubhub acquisition for third-party deliveries.

According to The Wall Street Journal, Just Eat purchased Grubhub for much than $7 cardinal successful 2021. Wonder has 28 locations successful the Northeastern US, including New York City, and will unfastened different 7 by year-end.