GrubMarket has acquired Good Eggs

GrubMarket has acquired Good Eggs. The deal, structured as a stock transaction, suggests a valuation slightly above $22 million for Good Eggs, a significant drop from its $365 million valuation in 2020. Keith Brewer from Daylight Foods will lead Good Eggs post-acquisition. GrubMarket, valued at $3.5 billion, focuses primarily on B2B grocery logistics and is profitable, having made over 80 acquisitions. The acquisition may hint at a potential B2C expansion for GrubMarket. This acquisition highlights the ongoing consolidation in the online food delivery industry.