Wonder, Marc Lore’s food tech startup, is planning to go public in early 2028
Billionaire entrepreneur and Wonder CEO Marc Lore has confirmed that his food startup is planning for an initial public offering. And though it won’t happen right away, he offered a very specific timeframe. “We’re going to IPO [and we’re] kind of working backwards from March 30, 2028,” Lore said on Thursday at Fast Company‘s Most Innovative Companies Summit in New York. “Whether we hit it or not, we will see.” He added that a full board of directors is in place and that the restaurant technology startup wants to “look and act like a public company” by the end of next year in preparation for the future offering. “So all of 2027, we get four quarters of practice,” Lore said. “That was really important to me to get four quarters of practice where we’re giving EPS guidance, having quarterly earnings calls, doing the comp committee, treating it like a public company. So when we go public in Q1 of 2028, we’ve already had that muscle.” He predicted an accelerating growth rate for the business, continuing through 2028 with $5 billion in revenue, and additional “big growth” in 2029. The ‘Amazon of food’ grows up Wonder, which Lore has described as a kind of “Amazon for food and beverage,” has brick-and-mortar restaurants and a vertically integrated food delivery app. Lore is working to revolutionize the food and restaurant space, building a “superapp for mealtime,” blending food delivery, AI-driven nutrition, and smart restaurant tech. (Wonder ranks No. 45 on Fast Company’s World’s Most Innovative Companies list for 2025.) The goal? To become the platform that meets all your food needs, while embracing personalized dining, driven by AI. Lore’s Wonder not only owns the delivery platform but also the restaurants on its platform, with locations spanning 25 or 30 different restaurants across every cuisine type—from steakhouse to burgers and barbecue, Chinese, Italian, Mexican, Greek, Middle Eastern, and Spanish tapas. The startup has also acquired a number of food companies, including Blue Apron, Grubhub, and the media brand Tastemade. When asked by Mansueto Ventures CEO Stephanie Mehta why an an IPO the goal, Lore replied, “I am really excited about having that public currency.” The entrepreneur has founded a number of notable companies, including Jet.com, which he sold to Walmart nine years ago. “I think there’s so much growth and potential in this business that we could put a lot of capital to work, even post-IPO,” Lore said. “I’m excited to do some big acquisitions.”
Billionaire entrepreneur and Wonder CEO Marc Lore has confirmed that his food startup is planning for an initial public offering.
And though it won’t happen right away, he offered a very specific timeframe.
“We’re going to IPO [and we’re] kind of working backwards from March 30, 2028,” Lore said on Thursday at Fast Company‘s Most Innovative Companies Summit in New York. “Whether we hit it or not, we will see.”
He added that a full board of directors is in place and that the restaurant technology startup wants to “look and act like a public company” by the end of next year in preparation for the future offering.
“So all of 2027, we get four quarters of practice,” Lore said. “That was really important to me to get four quarters of practice where we’re giving EPS guidance, having quarterly earnings calls, doing the comp committee, treating it like a public company. So when we go public in Q1 of 2028, we’ve already had that muscle.”
He predicted an accelerating growth rate for the business, continuing through 2028 with $5 billion in revenue, and additional “big growth” in 2029.
The ‘Amazon of food’ grows up
Wonder, which Lore has described as a kind of “Amazon for food and beverage,” has brick-and-mortar restaurants and a vertically integrated food delivery app. Lore is working to revolutionize the food and restaurant space, building a “superapp for mealtime,” blending food delivery, AI-driven nutrition, and smart restaurant tech.
(Wonder ranks No. 45 on Fast Company’s World’s Most Innovative Companies list for 2025.)
The goal? To become the platform that meets all your food needs, while embracing personalized dining, driven by AI.
Lore’s Wonder not only owns the delivery platform but also the restaurants on its platform, with locations spanning 25 or 30 different restaurants across every cuisine type—from steakhouse to burgers and barbecue, Chinese, Italian, Mexican, Greek, Middle Eastern, and Spanish tapas.
The startup has also acquired a number of food companies, including Blue Apron, Grubhub, and the media brand Tastemade.
When asked by Mansueto Ventures CEO Stephanie Mehta why an an IPO the goal, Lore replied, “I am really excited about having that public currency.”
The entrepreneur has founded a number of notable companies, including Jet.com, which he sold to Walmart nine years ago.
“I think there’s so much growth and potential in this business that we could put a lot of capital to work, even post-IPO,” Lore said. “I’m excited to do some big acquisitions.”
