16 July 2026 at 9:15 pm
Summary
Marc Lore's food delivery company, Wonder, has raised over $650 million in Series D funding at a $9 billion valuation and is preparing for an IPO early next year. The company, which operates 135 food halls and owns Grubhub and Blue Apron, plans to expand its footprint and invest in robotics and AI. Despite projections of significant cash burn and losses, Lore defends the company's economics, while consumer trust issues regarding its ghost kitchen model and allergen claims remain.
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