Big Law

Nestle Invests $100 Million in Food-Delivery Startup Wonder Group

Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment and prepared ingredients to businesses such as hotels, hospitals and sports arenas.

The deal includes a $100 million investment from Nestle, along with a strategic partnership, according to sources familiar with the matter who asked not to be named because financial terms of the deal are not public.

Nestle and Wonder confirmed the deal but declined to reveal transaction details.

Read the source article at CNBC

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