Wonder scores a $425 million partnership with DoorDash as it builds its food empire
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The delivery platform DoorDash is investing in and partnering with Marc Lore-owned food tech company Wonder in deals worth a total of $425 million, the company announced on Tuesday. DoorDash will acquire Wonder's Grubhub Campus Dining business (formerly Tapingo) for $300 million and will add $125 million to Wonder's $650 million Series D round, announced in July. A chain of ghost kitchen food halls designed for delivery, Wonder is trying to take a one-size-fits-all approach to fast casual dining, allowing customers to order food from a variety of different restaurants, all under the same roof. Wonder, founded by veteran e-commerce entrepreneur Marc Lore, whose prior companies were acquired by Amazon and Walmart, is slowly building a takeout empire. Last year, Wonder acquired the food delivery platform Grubhub for $650 million, adding to its portfolio of brands like Blue Apron and Tastemade. Wonder also bought the New York City-based restaurant chains Mighty Quinn's BBQ, Salt Hank's, and Blue Ribbon Fried Chicken. Lore said in a statement that the DoorDash partnership allows Wonder to "focus on [its] long-term ambition: a fully autonomous food system that can plan, produce and deliver personalized meals at scale, serving all 21 meals people eat each week." With its acquisition, DoorDash said that it wants to expand Wonder's Grubhub Campus Dining business, which is live...
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