Postmates

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Postmates Inc.
Private
IndustryLogistics
FoundedMay 1, 2011; 8 years ago (2011-05-01)
FoundersBastian Lehmann, Sean Plaice, and Sam Street
HeadquartersSan Francisco, California, United States
Area served
Select U.S. cities & Mexico
ProductsMobile app, website
ServicesDelivery (commerce)
Websitepostmates.com

Postmates is an American logistics company that operates a network of couriers who deliver goods locally.

As of February 2019, Postmates operates in 2,940 U.S. cities.[1]

The service is part of a category of businesses that rely on mobile phone applications and their Global Positioning System capabilities to quickly match inventories and consumer demand.[2]

Launched in 2011, Postmates pioneered the on-demand delivery movement in the US by offering delivery from restaurants and stores previously only available offline.

Postmates is an example of an on-demand company. Postmates co-founder Bastian Lehmann calls the company anti-Amazon.[2]

History[edit]

Postmates was founded in 2011 by Bastian Lehmann, Sean Plaice, and Sam Street and is headquartered in San Francisco, California.[3] Postmates was part of Angelpad's first accelerator cohort.[4]

In December 2014, Postmates opened its application programming interface to merchants to allow small businesses to compete for delivery of consumer goods with larger companies such as Amazon.[5][6][7][8] In the same month, the company announced that it had completed its millionth delivery and that it had over 6,000 drivers in its network.[9]

In June 2015, Postmates announced that they had surpassed 2.5 million deliveries across 28 markets and expanded their fleet to 13,000 couriers.[10]

In September 2015, Postmates updated the app, which added the ability to track delivery, gift meals to other, and the estimated delivery time.[11]

In November 2017, Postmates launched service in Mexico City, their first location outside the US. [12]

In 2018, Postmates launched service in 134 new cities in the United States, bringing its total number of cities in the United States up to 550.[13]

On December 13, 2018, Postmates unveiled Serve, its internally developed first-of-its-kind autonomous delivery rover. [14]

In January 2019, Postmates raised $100 million investment by BlackRock together with Spark Capital,  Founders Fund, Uncork Capital and Slow Ventures. Thus, the total valuation of the company reached $1.85 billion.[15]

References[edit]

  1. ^ "Postmates confidentially files for IPO". reuters.com. Retrieved 2019-02-07.
  2. ^ a b "BBC News - Location services: How GPS delivery is changing shopping". bbc.com. Retrieved 2015-02-11.
  3. ^ "About Postmates". postmates.com. Retrieved 2015-02-11.
  4. ^ Lynley, Matthew. "Postmates To Roll Its Way Into London". TechCrunch. Retrieved 2017-06-09.
  5. ^ "Amazon Not as Unstoppable as It Might Appear". nytimes.com. Retrieved 2015-02-11.
  6. ^ "Will Postmates Dominate Same Day Delivery with Its Open API?". sRacked SF. Retrieved 2015-02-11.
  7. ^ "Postmates, Powering On-Demand Logistics". blog.postmates.com. Retrieved 2015-02-11.
  8. ^ "Postmates Is Launching An API To Let Third-Party Sellers Offer Local Delivery | TechCrunch". techcrunch.com. Retrieved 2015-02-11.
  9. ^ "1 Million Deliveries Deep, Postmates Formally Launches An On-Demand API". techcrunch.com. Retrieved 2015-02-11.
  10. ^ "We've Raised $80M, Led by Tiger Global Management". blog.postmates.com. Retrieved 2015-07-06.
  11. ^ Dickey, Megan Rose (2015-09-21). "Postmates Unveils Revamped Platform, Announces 4 Million Deliveries". techcrunch.com. Retrieved 2015-11-06.
  12. ^ Dickey, Megan Rose (15 November 2017). "Postmates launches in first international city". Techcrunch.
  13. ^ "Postmates launches food delivery in 134 additional US cities". TechCrunch. Retrieved 2018-10-18.
  14. ^ "Postmates'Quest To Build The Delivery Robot Of The Future". WIRED. Retrieved 2018-12-13.
  15. ^ "Postmates lines up another $100M ahead of IPO". TechCrunch. Retrieved 2019-01-11.

External links[edit]