The on-demand delivery platform is expanding rapidly ahead of its 2019 IPO.
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Postmates Stock |
Postmates is an online delivery platform that connects customers with local couriers who can deliver anything from any store or restaurant. The company is headquartered in San Francisco, CA and was founded in 2011 by Sam Street, Sean Plaice, and Bastian Lehmann. Postmates provides merchants the ability to join the platform as partners, which provides them with the benefit of greater exposure through the application, while Postmates benefits from increased order volume. As of December 2018, Postmates is available in 550 cities throughout the United States with one international presence in Mexico City and has over 25,000 merchant partners, contributing to 3 million monthly deliveries.
The on-demand delivery platform is expanding rapidly ahead of its 2019 IPO.
Press release content from Business Wire. The AP news staff was not involved in its creation.
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