Wonder Group Acquires Blue Apron For $103 Million

ACQUISITION IMAGE: Linda Findley & Marc Lore DATE: 09/29/2023

BUYER: Wonder Group SELLER: Blue Apron

SALE PRICE: $103,000,000

NOTE: Blue Apron, the meal kit business, has entered into an acquisition agreement with Wonder Group, a food and restaurant company founded by entrepreneur Marc Lore, for $103 million. This marks a significant development in Blue Apron's journey, which had seen ups and downs since its inception in 2012. Once a leader in at-home meal deliveries, Blue Apron went public in 2017 but faced increasing competition and financial challenges. In recent times, it transformed into a more asset-light business by selling its operational infrastructure and laying off employees. With this acquisition, Wonder Group plans to continue Blue Apron's operations, aiming to leverage synergies between consumer-facing apps and delivery logistics in the meal kit industry.

Blue Apron HQ: #NewYorkCity #NewYork

#VentureCapital #LindaFindley #MarcLore #WonderGroup #BlueApron #TradedVC