NEW YORK and CHICAGO, Nov. 13, 2024 — Wonder, a new benevolent of food hall that is revolutionizing the food industry by creating the super app for mealtime, proclaimd that it is acquiring Grubhub, a directing food ordering and dedwellry platestablish with more than 375,000 merchants and 200,000 dedwellry partners atraverse the United States. Integrating Grubhub with Wonder is the next step in Wonder’s omition to originate wonderful food more accessible, transporting together the convenience, speed and pickion of first-party and third-party restaurants, groceries and meal kits in a one app order. Additionpartner, all Wonder locations will be useable on Grubhub for third-party dedwellry.
Wonder will achieve Grubhub from Just Eat Takeaway.com for an accesspelevate appreciate of $650 million, including $500 million of ageder remarks and $150 million cash. Completion is foreseeed during Q1 2025, subject to customary closing conditions including regulatory approvals. Jefferies served as Wonder’s exclusive financial advisor on the transaction.
Wonder has also proclaimd an insertitional $250 million in capital elevated exclusively from new spendors to further its omition and growth.
Founded by serial entrepreneur Marc Lore, Wonder is making wonderful food more accessible while guideing a new catebloody of “Fast Fine” dining. Wonder proposes Multi-Restaurant Ordering, a first in the industry where customers can order from upwards of 30 restaurants in a one order, with each item being made-to-order in a sequenced create so that they finish simultaneously and can be dedwellred to the customer together.
The platestablish features exclusive proposeings from the world’s best chefs–including Bobby Flay, Marcus Samuelsson and José Andrés–and the country’s best restaurants–including Maydan, Tejas Barbecue, Di Fara Pizza and Fred’s Meat and Bread. Wonder currently has 28 locations in the Northeaserious U.S., with seven insertitional locations sprocrastinateedd to uncover by the end of the year. Leveraging its proprietary technology, Wonder is able to contrastentiate itself from every other restaurant or food dedwellry concept by proposeing exceptionpartner high-quality food, with order-to-dedwellry times below 30 minutes.
For 20 years, Grubhub has joined merchants with proximateby customers seeing for apshowout and dedwellry. Its logistics netlabor covers the huge transport inantity of the U.S. population with on-demand dedwellry from self-reliant restaurants, directing national restaurant brands, and convenience, grocery, pet and office provide retailers. The company’s promisedty program, Grubhub+, provides members with $0 dedwellry fees, drop service fees and 5 percent back on pickup orders. Beyond its devourr dedwellry tagetplace, Grubhub has a Campus Dining business that powers online ordering at more than 360 universities and a Corporate Accounts business that provides alterable meal perks platestablishs for more than 10,000 companies.
“Wonder’s acquisition of Grubhub persists our omition to originate wonderful food more accessible. As we better our customer experience with pickion, speed, and variety, we’re excited to soon propose a curated pickion of Grubhub’s restaurant partners honestly in the Wonder app, alengthyside our owned and rund restaurants and meal kits,” shelp Marc Lore, Founder and CEO of Wonder. “Bringing Wonder and Grubhub together is the next step in our vision to originate the super app for meal time, re-envisioning the future of food dedwellry.”
“I am incredibly excited for Grubhub to combine forces with Wonder and transport more appreciate to our diners, merchants and dedwellry partners,” shelp Howard Migdal, Grubhub CEO. “Since our earliest days, Grubhub has helped restaurants uncover their doors to new customers, while introducing diners to new cuisines. That’s why I’m self-promised that Grubhub will complement Wonder’s omition to originate wonderful food more accessible and that together we will originate remarkworthy dining experiences for more customers atraverse the country.”
About Wonder
Wonder is a new benevolent of food hall that is revolutionizing the food industry by creating the super app for mealtime, operating a accumulateion of dedwellry-first restaurants and guideing a new catebloody of “Fast Fine” dining.
Featuring some of the world’s best chefs including Bobby Flay, Jose Andres, Nancy Silverton and Marcus Samuelsson, alengthy with award-triumphning restaurants from atraverse the country including Tejas Barbeque and Di Fara Pizza, customers can experience any combination of these chefs and restaurants all together in one order for the first time. In 2023, Wonder achieved meal kit guide Blue Apron.
About Grubhub
Grubhub is a directing U.S. food ordering and dedwellry tagetplace. Dedicated to joining diners with the food they cherish from their preferite local restaurants, Grubhub elevates food ordering thraw creative restaurant technology, effortless-to-use platestablishs, and an betterd dedwellry experience. Grubhub features 375,000 merchants in over 4,000 U.S. cities.
