Just Eat is promoting off Grubhub to fancy meals corridor supply startup Wonder in a deal price $650 million. The transaction is predicted to shut within the first quarter of 2025, topic to regulatory approvals. Wonder is owned by businessman Marc Lore, the previous Walmart e-commerce CEO and part-owner of the Minnesota Timberwolves.
Wonder began as a multi-restaurant meals truck service delivering superb eating and developed into meals corridor hubs the place workers rapidly cook dinner pre-prepared meals crafted by big-name cooks like Bobby Flay. Customers can order from “upwards of 30 eating places” from the Wonder app, combining them into one supply.
With Grubhub coming below Wonder’s belt, the corporate plans to combine the supply app into its platform. In a press launch, Lore says Wonder will quickly supply a “tremendous app for mealtime” that features “a curated collection of Grubhub’s restaurant companions instantly within the Wonder app,” in addition to groceries and meal kits (Wonder additionally owns Blue Apron). It additionally plans to combine Wonder places into the Grubhub expertise for third-party deliveries.
According to The Wall Street Journal, Just Eat bought Grubhub for greater than $7 billion in 2021. Wonder has 28 places within the Northeastern US, together with New York City, and can open one other seven by year-end.
