Grubhub owner Wonder files to go public
Marc Lore's food company — which also owns Blue Apron — has confidentially filed for a US IPO.
- Raised ~$650M in July
- Reported $9B valuation (private)
- Owns Grubhub, Blue Apron, Spyce
What happened
Wonder Group, founded by Marc Lore (who previously sold Jet.com to Walmart), confidentially submitted papers for a US stock market listing. The number of shares, price and valuation are not set yet.
Wonder owns food delivery app Grubhub, meal-kit brand Blue Apron and kitchen-robotics firm Spyce. It raised about $650 million in July at a reported $9 billion valuation, and plans drone deliveries in Texas with Zipline.
Why it matters
Wonder is trying to combine restaurants, delivery and kitchens under one roof — a similar bet to what Swiggy and Zomato make in India with their own kitchens and quick-commerce. Its IPO will be a test of whether investors like that model.
