Delivery company Postmates Inc. has filed confidentially for an initial public offering, the company said Thursday.
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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.
Delivery company Postmates Inc. has filed confidentially for an initial public offering, the company said Thursday.
Customers want restaurants to offer the option of home delivery, writes columnist John D. Stoll, but executives from chains including McDonald’s and Olive Garden are grappling with the hefty bite of profit taken by food-delivery apps like UberEats and DoorDash.
Postmates plan to serve up an initial public offering.
The cutesy autonomous delivery robot, called Serve, is designed to put the pedestrian first.
Postmates has made two new hires, both of whom hail from Pinterest, in the form of Eric Edge and Andreas Lieber. Edge joins Postmates as the SVP of Brand & Communications, while Lieber joins as SVP of Business Development and Corporate Development. Both come to Postmates from Pinterest, where t…
Millions of meals get tossed every year in Nashville - food that could instead go to people in need.
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