Mark Lore’s food delivery startup Wonder raises $350M at a valuation of $3.5B – Meczyki.Net

based in new york WonderA mobile restaurant delivery service led by Mark Lowrey has picked up $350 million In Series B funding. According to the company, it is now worth about $3.5 billion. wall street journal, The funding round was led by Bain Capital Ventures and included participation from Accel, Alpine Group, Amex Ventures, Foreigner, General Catalyst, GV, NEA, YieldStreet and others. This latest funding round brings Wonder’s total amount to $900 million in debt and equity.

The startup partners with popular chefs to create exclusive menus and bring their recipes to mobile restaurants. Users can order dishes at their doorstep from these mobile restaurants. according to wonders WebsiteYour order is cooked and plated “just steps from your door, then served as it’s ready.”

one in blog post Regarding the increase, Lore said that Wonder is now available in 22 cities in New Jersey and services more than 130,000 homes. Wonder has built 19 mobile restaurants since the platform’s launch six months ago. The company has collaborated with many renowned chefs, including Bobby Flay, Nancy Silverton, Michael Simon, and more.

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

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

wall street journal Reports that although the Wonder currently has limited market access, the company plans to expand to new territories across the United States by 2035. Wonder also aims to add other ready-to-eat businesses to its network, as it plans to add ready-to-heat. Meals and meal-prep kits for its delivery service.

Vidya is not new to the delivery market, as she founded the e-commerce shopping site Jet.com and later sold it to walmart for $3 billion in cash in 2016. Following the acquisition, Lore led Walmart’s US e-commerce operations until January 2021.