Marc Lore’s Wonder Preps a Pre-IPO Round

E-commerce veteran Marc Lore hasn’t been shy about his food delivery startup’s IPO aspirations. In recent months, he has written on the whiteboards in Wonder’s Midtown Manhattan office the date when it should be IPO-ready: March 31, 2027, according to a person close to the company.

First, however, the company will try to tap private investors once more. The eight-year-old owner of restaurant delivery service Grubhub and meal kit service Blue Apron wants to raise a new round of venture capital at a valuation of $11 billion, up from $7 billion last year, people familiar with its plans told me. Beyond the fundraise, the new capital could introduce it to the large asset managers that also typically buy into public offerings, they said.