Wonder CEO Marc Lore on New Funding Round, Using Robotics for Food Prep and Expansion Plans

Wonder CEO Marc Lore on new funding round, using robotics for food prep and expansion plans

Wonder founder and CEO Marc Lore joins 'Squawk Box' to discuss the company's new $650M funding round, deployment of robotics in the kitchen, company growth outlook, and more.

Wonder is valued at more than $9B after latest fundraise

The company closed a $650 million funding round that will support store openings, Grubhub growth, and technology such as AI and robotics.

Wonder raises $650M at $9B and Marc Lore, who oversaw $3.85B in exits at Amazon and Walmart, says an IPO is next

The serial entrepreneur behind Quidsi ($545M exit to Amazon) and Jet.com ($3.3B exit to Walmart) has raised $650M at a $9B valuation for Wonder instead of pursuing another early sale, signalling plans for a public market debut. Wonder now combines 140 food halls, Grubhub, Blue Apron, kitchen automation and a new Zipline drone delivery partnership, creating an end-to-end platform that controls everything from meal preparation to last-mile fulfilm…