Simply Eat is selling off Grubhub to fancy food hall delivery startup Wonder in a deal value $650 million. The transaction is predicted to shut within the first quarter of 2025, topic to regulatory approvals. Marvel is owned by businessman Marc Lore, the previous Walmart e-commerce CEO and part-owner of the Minnesota Timberwolves.
Marvel began as a multi-restaurant meals truck service delivering effective eating and evolved into food hall hubs the place employees rapidly prepare dinner pre-prepared meals crafted by big-name cooks like Bobby Flay. Prospects can order from “upwards of 30 eating places” from the Marvel app, combining them into one supply.
With Grubhub coming underneath Marvel’s belt, the corporate plans to combine the supply app into its platform. In a press launch, Lore says Marvel will quickly supply a “tremendous app for mealtime” that features “a curated number of Grubhub’s restaurant companions straight within the Marvel app,” in addition to groceries and meal kits (Marvel additionally owns Blue Apron). It additionally plans to combine Marvel areas into the Grubhub expertise for third-party deliveries.
In line with The Wall Street Journal, Simply Eat bought Grubhub for greater than $7 billion in 2021. Marvel has 28 areas within the Northeastern US, together with New York Metropolis, and can open one other seven by year-end.