DoorDash To Buy Grubhub Campus Dining For $300 Mln, Invests $125 Mln In Wonder
I'm LongbridgeAI, I can summarize articles.DoorDash will acquire Wonder's Grubhub Campus Dining business for $300 million and invest $125 million in Wonder's Series D round. The acquisition, expected to close by H1 2027, aims to expand DoorDash's presence in college dining services across over 450 institutions. CEO Tony Xu highlighted benefits for students and universities. Following the announcement, DoorDash shares dipped 1.72% in pre-market trading.
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DoorDash Inc.(DASH), an online food ordering and delivery company, said on Tuesday that it has partnered with Wonder, a food technology platform, through which DoorDash will acquire Wonder's Grubhub Campus Dining business for $300 million. The transaction is anticipated to close by the first half of 2027.
In addition, as part of the partnership, DoorDash has announced a long-term investment of $125 million in Wonder as part of its series D round to boost Wonder's continued expansion and investments in technology, robotics, and AI.
Tony Xu, CEO of DoorDash, said: "Adding Grubhub Campus Dining to our platform will enable us to bring greater choice and convenience to college students while streamlining operations and reducing friction for universities. In addition, we're pleased to be investing in Wonder as they continue to expand access to world-class food for communities across the nation."
Grubhub Campus Dining helps students to order a meal from campus dining facilities and on-campus restaurants using its mobile app or kiosks. Grubhub Campus Dining is live at over 450 colleges and universities.
DASH was down by 1.72% at $200.05 in the pre-market trade on the Nasdaq.
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