Wonder secures US$600M to accelerate expansion, surpasses US$7B valuation

USA – Wonder, the rapidly growing food hall and delivery company that acquired Grubhub last year, has raised US$600 million in fresh funding, increasing its valuation beyond US$7 billion and fueling plans to nearly double its locations in 2025.

Wonder, led by CEO Marc Lore, announced on May 6, 2025, that it secured US$600 million in new capital to support its aggressive growth strategy in the food hall and delivery space.

This latest funding round, backed by prominent investors including NEA, Accel, and Google Ventures, brings the company’s total funding to over US$2 billion and its valuation to more than US$7 billion.

The company, which completed its US$650 million acquisition of Grubhub in late 2024, is on track to nearly double its footprint from 46 to 90 locations by the end of 2025, focusing primarily on the Northeast U.S., including key markets like Philadelphia and Washington, D.C.

Wonder’s physical venues offer food from 30 proprietary restaurant brands, available for dine-in, pickup, and delivery, all integrated through its proprietary app.

Marc Lore, a serial entrepreneur with a track record of building and exiting major e-commerce ventures, envisions Wonder as a “super app for mealtime,” combining physical restaurants, food delivery, and meal kits under one platform.

The company also owns Blue Apron and the food media company Tastemade, further diversifying its offerings and content-driven engagement.

Wonder’s model emphasizes quality and speed, boasting a 30-minute average order-to-eat time and a high customer satisfaction score (Net Promoter Score above 60).

The company maintains tight delivery radii to ensure freshness and quality, differentiating itself from competitors in the ghost kitchen and delivery-only space.

Its vertically integrated approach allows it to control the entire food preparation and delivery process, enhancing consistency and efficiency.

The fresh capital will accelerate store openings-Wonder is currently opening about one location per week-and fund research and development efforts, including new menu innovations, partnerships with celebrity chefs like Marcus Samuelsson and José Andrés, and technology enhancements to improve kitchen throughput and reduce food waste.

In a challenging environment where many delivery-centric startups have faltered, Wonder’s combination of physical and digital assets, strong investor backing, and diversified brand portfolio position it as a leading innovator in the evolving food service landscape5.

With over US$2 billion in annual revenue and ambitious expansion plans, Wonder is poised to reshape how consumers experience food delivery and dining in 2025 and beyond.

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