Wonder Announces Acquisition of Grubhub
Wonder has announced the acquisition of Grubhub from Just Eat Takeaway.com for an enterprise value of $650 million, comprising $500 million in senior notes and $150 million cash. The deal is expected to close in Q1 2025. Wonder, which operates 28 locations in the Northeastern U.S., has also secured an additional $250 million in new capital. The merger combines Wonder's 'Fast Fine' dining concept, featuring Multi-Restaurant Ordering from renowned chefs, with Grubhub's network of 375,000 merchants and 200,000 delivery partners. The integration aims to create a comprehensive food delivery super app, offering first-party and third-party restaurants, groceries, and meal kits in a single platform.
Wonder ha annunciato l'acquisizione di Grubhub da Just Eat Takeaway.com per un valore aziendale di 650 milioni di dollari, comprensivo di 500 milioni di dollari in note senior e 150 milioni di dollari in contanti. L'accordo dovrebbe chiudersi nel primo trimestre del 2025. Wonder, che opera in 28 sedi nel Nord-Est degli Stati Uniti, ha anche ottenuto un ulteriore 250 milioni di dollari in nuovo capitale. La fusione combina il concetto di ristorazione 'Fast Fine' di Wonder, che include Ordini Multi-Ristorante da chef rinomati, con la rete di Grubhub composta da 375.000 commercianti e 200.000 partner di consegna. L'integrazione mira a creare un'app super completa per la consegna di cibo, offrendo ristoranti di prima e terza parte, generi alimentari e kit per pasti su un'unica piattaforma.
Wonder ha anunciado la adquisición de Grubhub de Just Eat Takeaway.com por un valor empresarial de 650 millones de dólares, que comprende 500 millones en notas senior y 150 millones en efectivo. Se espera que el acuerdo se cierre en el primer trimestre de 2025. Wonder, que opera 28 ubicaciones en el noreste de EE. UU., también ha asegurado 250 millones de dólares en nuevo capital. La fusión combina el concepto de 'Fast Fine' de Wonder, que presenta pedidos multi-restaurante de chefs renombrados, con la red de Grubhub de 375,000 comerciantes y 200,000 socios de entrega. La integración tiene como objetivo crear una superaplicación integral de entrega de alimentos, ofreciendo restaurantes de primera y tercera parte, comestibles y kits de comidas en una sola plataforma.
원더가 Just Eat Takeaway.com으로부터 그럽허브를 6억 5천만 달러의 기업 가치로 인수한다고 발표했습니다. 이에는 5억 달러의 선순위 채권과 1억 5천만 달러의 현금이 포함됩니다. 이번 거래는 2025년 1분기에 마무리될 것으로 예상됩니다. 미국 북동부에 28개의 매장을 운영하는 원더는 새 자본으로 추가로 2억 5천만 달러를 확보했습니다. 이번 합병은 유명 셰프들의 다중 레스토랑 주문을 특징으로 하는 원더의 '패스트 파인' 다이닝 개념과 37만 5천 개의 상인 및 20만 명의 배달 파트너를 보유한 그럽허브의 네트워크를 결합합니다. 통합의 목표는 1차 및 3차 레스토랑, 식료품, 그리고 식사 키트를 하나의 플랫폼에서 제공하는 종합적인 음식 배달 슈퍼 앱을 만드는 것입니다.
Wonder a annoncé l'acquisition de Grubhub auprès de Just Eat Takeaway.com pour une valeur d'entreprise de 650 millions de dollars, comprenant 500 millions de dollars en obligations senior et 150 millions de dollars en espèces. L'accord devrait être finalisé au premier trimestre 2025. Wonder, qui possède 28 établissements dans le nord-est des États-Unis, a également sécurisé 250 millions de dollars de nouveau capital. La fusion allie le concept de restauration 'Fast Fine' de Wonder, qui propose des commandes multi-restaurants de chefs renommés, avec le réseau de Grubhub comportant 375 000 commerçants et 200 000 partenaires de livraison. L'intégration vise à créer une super application complète de livraison de nourriture, offrant des restaurants de première et de troisième partie, des produits d'épicerie et des kits de repas sur une seule plateforme.
Wonder hat die Übernahme von Grubhub von Just Eat Takeaway.com für einen Unternehmenswert von 650 Millionen Dollar bekannt gegeben, darunter 500 Millionen Dollar in nachrangigen Schuldtiteln und 150 Millionen Dollar in bar. Der Abschluss des Geschäfts wird im ersten Quartal 2025 erwartet. Wonder, das 28 Standorte im Nordosten der USA betreibt, hat sich auch zusätzlich 250 Millionen Dollar an neuem Kapital gesichert. Die Fusion kombiniert das 'Fast Fine'-Gastronomie-Konzept von Wonder, das Multi-Restaurant-Bestellungen von renommierten Köchen umfasst, mit dem Netzwerk von Grubhub, das aus 375.000 Händlern und 200.000 Lieferpartnern besteht. Die Integration zielt darauf ab, eine umfassende Super-App für die Lebensmittellieferung zu schaffen, die Restaurants erster und dritter Ordnung, Lebensmittel und Kochboxen auf einer einzigen Plattform anbietet.
- Acquisition expands Wonder's market reach through Grubhub's extensive network of 375,000 merchants
- Secured additional $250 million in new capital funding
- Integration creates comprehensive food delivery platform combining multiple services
- Wonder's current operations show sub-30-minute delivery times
- Access to Grubhub's established corporate and campus dining business
- Significant debt assumption with $500 million in senior notes
- Large cash outlay of $150 million required for acquisition
- Integration subject to regulatory approval risks
- geographical presence with only 28 current locations
Insights
The
This valuation marks a dramatic decline from Just Eat Takeaway's
Wonder's unique multi-restaurant ordering system, combined with Grubhub's established delivery infrastructure, creates a formidable player in the evolving food delivery landscape. The integration enables a "super app" strategy that addresses diverse consumer preferences - from high-end restaurant meals to everyday takeout - all within a unified platform.
The partnership with celebrity chefs and premium restaurants, coupled with sub-30-minute delivery times, positions the combined entity to capture higher-margin premium dining segments while maintaining Grubhub's mass-market appeal. Wonder's expansion to 28 locations with 7 more planned shows strong operational execution, while Grubhub's presence in 360 universities and 10,000 corporate accounts provides stable recurring revenue streams.
Wonder will acquire Grubhub from Just Eat Takeaway.com for an enterprise value of
Wonder has also announced an additional
Founded by serial entrepreneur Marc Lore, Wonder is making great food more accessible while pioneering a new category of "Fast Fine" dining. Wonder offers Multi-Restaurant Ordering, a first in the industry where customers can order from upwards of 30 restaurants in a single order, with each item being made-to-order in a sequenced fashion so that they finish simultaneously and can be delivered to the customer together.
The platform features exclusive offerings 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
For 20 years, Grubhub has connected merchants with nearby customers looking for takeout and delivery. Its logistics network covers the vast majority of the
"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. "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."
"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, Grubhub CEO. "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."
About Wonder
Wonder is a new kind of food hall that is revolutionizing the food industry by creating the super app for mealtime, operating a collection of delivery-first restaurants and pioneering a new category of "Fast Fine" dining.
Featuring some of the world's best chefs including Bobby Flay, Jose Andres, Nancy Silverton and Marcus Samuelsson, along with award-winning restaurants from across 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 acquired meal kit pioneer Blue Apron.
About Grubhub
Grubhub is a leading
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SOURCE Grubhub
FAQ
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