Grubhub has been acquired by Wonder, a “new kind of food hall that is revolutionizing the food industry by creating the super app for mealtime,” the companies announced in a press release yesterday. The statement said that integrating Grubhub with Wonder is the next step in Wonder’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.”
All Wonder locations will be available on Grubhub for third-party delivery.
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. The acquisition is expected to be complete in Q1 2025.
Founded by entrepreneur Marc Lore, Wonder said it is “making great food more accessible while pioneering a new category of ‘Fast Fine’ dining.” Wonder offers multi-restaurant ordering, where customers can order from upwards of 30 restaurants in a single order and the items can be delivered to the customer together.
According to the press release, Wonder currently has 28 locations in the Northeastern U.S., with seven additional locations slated to open by the end of the year.
“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 CEO of Wonder.
“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,” said Howard Migdal, Grubhub CEO.
NACS Daily looked at the rise of food halls in 2023. At the time, there were 340 food halls in the United States with another 127 under development.