The acquisition, slated for completion early in 2025, could allow one-app ordering for everything from high-end dinners to meal kits
Virtual food hall company Wonder said on Wednesday it is acquiring food ordering and delivery platform Grubhub from current owner Just Eat Takeaway.com. The acquisition is expected to be completed in the first quarter of 2025.
Wonder, whose app allows customers to order meals developed by big-name chefs from across the country, also said it has raised an additional $250 million in capital from new investors. That’s on top of the $1 billion or so it has already raised.
Its acquisition of Grubhub brings more than 375,000 new merchants into its fold.
Wonder also acquired meal kit provider Blue Apron in 2023. The combination of the services could allow guests to request meals from local restaurants as well as groceries and meals from famous chefs in a single order.
Current chef-developed menu items available from Wonder include dishes from Yasas by Michal Symon, Bobby Flay Steak, Streetbird by Marcus Samuelsson, Bankside by J.J. Johnson, and Jota by José Andrés, among others.
Grubhub CEO Howard Migdal said he was pleased with the sale.
"I am incredibly excited for Grubhub to join forces with Wonder and bring more value to our diners, merchants and delivery partners," he said in a statement. "Since our earliest days, Grubhub has helped restaurants open their doors to new customers, while introducing diners to new cuisines. That's why I'm confident that Grubhub will complement Wonder's mission to make great food more accessible and that together we will create remarkable dining experiences for more customers across the country."
Wonder was founded by former Walmart executive Marc Lore in 2018. Although originally developed as a delivery service using a fleet of trucks, the company’s focus shifted in 2019 to brick-and-mortar locations where guests can pick up their meals or have them delivered. It now has some 30 locations, mostly in New York and its suburbs, but some as far away as Quakertown, Pa., and Providence, R.I.
Contact Bret Thorn at [email protected]
