Marc Lore's Wonder Group acquires struggling meal kit company Blue Apron for $103 million

Marc Lore's Wonder Group is acquiring meal kit company Blue Apron for $103 million, a 95% discount from its IPO valuation.
The deal aims to create a "mealtime super app" by merging Blue Apron and Wonder Group.
Blue Apron has struggled since its 2017 IPO, with its valuation tumbling over 95%.
Lore previously sold startups Diapers.com and Jet.com to Amazon and Walmart.
Blue Apron is expected to keep its brand name after the acquisition.

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9/29/2023

Blue Apron Acquired by Wonder Group for $103 Million, Aims to Create 'Mealtime Super App'

Meal delivery service Blue Apron saw its shares surge more than 130% after being acquired by food delivery startup Wonder Group, led by former Walmart and Jet executive Marc Lore, in a deal valuing the company at $103 million.