Postmates CEO: Rival GrubHub’s debacle is not a warning sign on overall food delivery business

GrubHub’s terrible earnings and more than 40% stock plunge last week is not indicative of the potential of the broader food delivery business, says Postmates co-founder Bastian Lehmann. Lehmann says the GrubHub catastrophe is a GrubHub problem. Taking a veiled swiped at his rival, Lehmann says millennials who like Postmates may be turned off by companies that cater […]

Postmates, DoorDash Want to Deliver Your Groceries, Too

Delivery companies are striking deals beyond restaurants to expand their reach and revenue Food-delivery companies are adding supermarkets and convenience stores to their order queues. DoorDash Inc. and Postmates Inc. are among the companies striking deals beyond restaurants to expand their reach and revenue. In doing so, they face competition from rising food sales at Inc., from […]

Postmates valuation rises to $2.4B ahead of IPO

Postmates has secured a $225 million investment from private equity firm GPI Capital, bringing the company’s valuation to $2.4 billion, according to Forbes.   The investment comes prior to a rumored IPO for the fourth largest U.S. delivery company. Postmates confidentially filed for the offering in February when its valuation was $1.85 billion and is expected to officially become […]

Postmates Raises $225M, Now Valued at $2.4B Ahead of IPO

Third-party delivery service Postmates has raised another $225 million in funding, TechCrunch reports. The round was led by GPI Capital and brings the service’s total amount of funding to roughly $1 billion. Postmates is now valued at $2.4 billion. The San Francisco-based company confidentially filed for an IPO in February of this year. At last check, the company […]

Prepping For An IPO, Postmates Raises Another $225 Million

Postmates is receiving another cash injection as the San Francisco-based delivery service prepares to go public, raising an additional $225 million from private equity firm GPI Capital that boosts Postmates valuation to $2.4 billion, up from $1.85 billion in January. The funding round comes at the eleventh hour of a possible IPO for Postmates, a rare move and one […]

Postmates joins DoorDash and Caviar in letting you make a group food order

Let’s be honest, anytime can be lunchtime. But the next time 10:58AM rolls around and you and your friends are too lazy busy to scrounge up some lunch, you’ll be able to use Postmates to make a group food order for delivery or pickup. Postmates says it’s rolling out group ordering over the next few days on its app […]

Ledo Pizza settles trademark lawsuit with Postmates

Ledo Pizza has reached an undisclosed settlement in a trademark lawsuit against food delivery service Postmates. Postmates allows consumers to use a website or mobile phone application to order products from local businesses and have them delivered. Postmates charges a fee for the delivery. In a complaint filed in U.S. District Court in Baltimore last […]

Guerrilla tactics: Food-delivery services take a bite out of local restaurants

It’s a slow Wednesday afternoon at The Brick Oven, where owner Dino Hoxhaj slides into one of his brown upholstered booths and heaves an exasperated sigh as he looks around his restaurant in the Rio Hill Shopping Center. “All the third parties suck,” he says, shaking his head. He’s talking about food-delivery services like DoorDash […]

Postmates to drop IPO filing next month

Postmates  plans to make its IPO paperwork public in September, TechCrunch has learned. Despite previous reports indicating the on-demand delivery company is seeking an M&A exit, sources close to the matter say Postmates is on track to go complete an initial public offering this year. …Postmates has raised $681 million to date with its latest round coming in earlier […]

Canter’s Deli Chooses Postmates As Exclusive Delivery Partner

SAN FRANCISCO, Aug. 6, 2019 /PRNewswire/ — Postmates, the leader in enabling anyone to have anything delivered on-demand and the famous Canter’s Deli on Fairfaxhave partnered to bring the authentic, traditional Jewish deli experience direct to the customer’s door. Since opening its doors 88 years ago, Canter’s Deli has been an Angeleno favorite as well as a popular late-night […]