Admittedly, when it comes to e-commerce, Marc Lore does it. The serial entrepreneur sold Quidsi, the parent company of Diapers.com, Soap.com, and others, to Amazon in 2011 for $550 million. He launched Jet.com in 2015 and sold it to Walmart in 2016 for $3 billion.
Now, Lore offers a new home dining experience through Wonder Group (Lore is its founder, chairman and CEO), a startup that partners with popular chefs to create exclusive menus for mobile restaurants. Food is prepared on the way to customers’ homes, plated curbside, and served hot on the spot. Investors smell Lore’s cooking. The startup raised a $350 million Series B in June at a valuation of $3.5 billion.
No matter how you slice, steam or fry, it’s a major shift in food delivery, and we’re delighted that Wonder Group founder, chairman and CEO Marc Lore will be joining us for a fireside chat on TechCrunch Disrupt 10 18-20 in San Francisco.
We can’t wait to grab a fork and dive into Lore’s plans to expand beyond the 22 New Jersey towns and the more than 130,000 homes that Wonder currently serves.This Wall Street Journal The company plans to expand into new areas across the United States by 2035, the report said. We will definitely ask him to elaborate.
Lore’s team has worked with some of the most famous chefs in the country, including Bobby Flay, JJ Johnson, Nancy Silverton and Michael Symon. We’d love to know who else will be on the menu. We’d also love to learn more about the startup’s business model and what other products and services Wonder might add further.
Wonder Group’s executive team is led by Wonder CEO Scott Hilton (a former Walmart executive) and Wei Yan as CTO. Wonder Group is backed by Bain Capital Ventures, Accel, Alpine Group, Amex Ventures, Forerunner, General Catalyst, GV, NEA, Yieldstreet and more.
Lore is also a lead investor in Archer, an aerospace company that makes all-electric vertical take-off and landing aircraft, and co-founder and investor in e-commerce-focused conversational AI company Wizard and sports stock market Mojo.
Lore took on a legacy project – building a smart utopian desert city called Telosa. It was designed to house 5 million inhabitants and test a new social model called Equitism, fair and capitalism.
Lore, along with friend and business partner Alex Rodriguez, became the newest NBA owners when he bought the Minnesota Timberwolves and Minnesota Bobcats in 2021.
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