Grubhub Sold to Delivery Startup Wonder at 90% Loss
SMRTR summary
Food delivery startup Wonder has acquired Grubhub from Just Eat Takeaway for $650 million, significantly less than the $7.3 billion Just Eat paid in 2021. Wonder intends to integrate Grubhub's restaurant partners into its app alongside its own offerings, as part of its strategy to become a comprehensive food provider. The sale highlights the challenges faced by food delivery platforms in the post-pandemic market.
SMRTR provides this summary for quick context. The original article belongs to PYMNTS.
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