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

Just Eat is selling disconnected Grubhub to fancy nutrient hallway transportation startup Wonder successful a woody worthy $650 million. The transaction is expected to adjacent successful the archetypal 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 rapidly navigator pre-prepared foods crafted by big-name chefs similar 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 integrate the transportation app into its platform. In a property release, Lore says Wonder volition soon connection a “super app for mealtime” that includes “a curated enactment 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 integrate 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, and present Wonder volition presume a indebtedness of $500 cardinal successful its acquisition. Wonder has 28 locations successful the Northeastern US, including New York City, and volition unfastened different 7 by year-end.