Grubhub was recently acquired by food hall company Wonder. Wonder will acquire Grubhub from Just Eat Takeaway.com for an enterprise value of $650 million, including $500 million of senior notes and $150 million cash.
“I am incredibly excited for Grubhub to join forces with Wonder and bring more value to our diners, merchants, and delivery partners,” said Howard Migdal, Chief Executive Officer, Grubhub. “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.”
Integrating Grubhub with Wonder is the next step in the company’s mission to make great food more accessible, bringing together the convenience, speed, and selection of first-party and third-party restaurants, groceries, and meal kits in a single app order.
Additionally, all Wonder locations will be available on Grubhub for third-party delivery.
"Wonder’s acquisition of Grubhub continues our mission to make great food more accessible. As we enhance our customer experience with selection, speed, and variety, we’re excited to soon offer a curated selection of Grubhub’s restaurant partners directly in the Wonder app, alongside our owned and operated restaurants and meal kits,” said Marc Lore, Founder and Chief Executive Officer, Wonder. “Bringing Wonder and Grubhub together is the next step in our vision to create the super app for meal time, re-envisioning the future of food delivery.”
Completion of the deal is expected during Q1 2025. It is subject to customary closing conditions, including regulatory approvals. Wonder has also announced an additional $250 million in capital raised exclusively from new investors to further its mission and growth.
To read up on all of the details, click here.
Deli Market News will be on the lookout for more acquisitions, so stay tuned.
