Marc Lore’s food delivery startup Wonder raises $350M at a $3.5B valuation

Published by
Peter Kavinsky

New York-based Wonder, a mobile restaurant delivery service led by Marc Lore, has raised $350 million in Series B funding. The company is now worth about $3.5 billion, according to The Wall Street Journal. The funding round was led by Bain Capital Ventures and included participation from Accel, Alpine Group, Amex Ventures, Forerunner, General Catalyst, GV, NEA, YieldStreet and others. This latest funding round brings Wonder’s total amount raised in debt and equity to $900 million.

The startup partners with popular chefs to create exclusive menus and bring their recipes to mobile restaurants. Users can then order dishes from these mobile restaurants to their doorsteps. According to Wonder’s website, your order is cooked and plated “just steps away from your door, then served as soon as it’s ready.”

In a blog post about the raise, Lore said Wonder is now available in 22 towns in New Jersey and services over 130,000 households. Since the platform’s launch six months ago, Wonder has created 19 mobile restaurants. The company has collaborated with several famous chefs, including Booby Flay, Nancy Silverton, Michael Symon and more.

Lore says the new funding will be used to continue to expand within the tri-state area in New Jersey, with Bergen County being next on the list. Wonder is also going to launch 11 more restaurants, which will bring the company’s total number to 30.

“Our innovative techniques, technology, world-class culinary partnerships, and talent opens up so much potential for exciting, new possibilities,” Lore said in the blog post. “Wonder has a real opportunity to not only completely change how people eat, but also to create a better future with access to the world’s best food in a convenient, affordable, and sustainable way.”

The Wall Street Journal reports that although Wonder currently has a limited market reach, the company plans to expand into new areas across the United States by 2035. Wonder also aims to add other prepared-food businesses to its network, as it plans to add ready-to-heat meals and meal-preparation kits to its delivery service.

Lore isn’t new to the delivery market, as he founded e-commerce shopping site and later sold it to Walmart for $3 billion in cash in 2016. After the acquisition, Lore led Walmart’s U.S. e-commerce operations until January 2021.

Source: TechCrunch

Peter Kavinsky

Peter Kavinsky is the Executive Editor at

Published by
Peter Kavinsky

Recent Posts

  • News

Serbia and Kosovo try to strengthen their relations, Kupka discusses the highway to Dran | briefing

<!----> It took place in Grafenggeg, Austria meeting of the parliaments of Austria, the Czech…

1 min ago
  • News

Anniversary: ​​120 years ago today GAK first practiced

Golden moments and dark hours, title celebrations and bankruptcy filings - 120 years ago, the…

6 mins ago
  • News

In the Russian Federation, they chose a “leader” for the occupied territories of the Kharkiv . region

Andrey Alekseenko, the mayor of Russia's Krasnodar, will become the head of the occupation administration…

7 mins ago
  • News

Air mobility projects of the new government in Cartagena | hour 20

During a special program from Cartagena "Caribbean Megaprojects: Canal del Dique and Cartagena Airport", Minister…

11 mins ago
  • News

Flamengo, Corinthians and Fluminense reached the semi-finals of the Brazilian Cup | Sports social networks

Flamengo, Corinthians and Fluminense advanced this Wednesday to the semi-finals of the Copa Brazil, the…

13 mins ago
  • News

Trump News – Live: Poll says majority of Americans support Mar-a-Lago attack as Pence scolds GOP for FBI attacks

Michael Cohen says Trump kept Mar-a-Lago documents as 'bargaining coin' While considering the possibility of…

14 mins ago