About Postmates
Postmates is a company based in San Francisco (United States) founded in 2011 by Baastian Lehmann was acquired by Uber in July 2020.. Postmates has raised $902.75 million across 9 funding rounds from investors including Uber, BlackRock and GPI Capital. Postmates has completed 2 acquisitions, including Hey and Sosh SF. Postmates offers products and services including Food Delivery Service, Grocery Delivery, and Alcohol Delivery. Postmates operates in a competitive market with competitors including DoorDash, Thrive Market, Instacart, Grubhub and Wonder, among others.
- Headquarter San Francisco, United States
- Founders Baastian Lehmann
- Stage Minicorn
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Sectors
ConsumerRetail
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Postmates, Inc.
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Products & Services of Postmates
Postmates offers a comprehensive portfolio of products and services, including Food Delivery Service, Grocery Delivery, and Alcohol Delivery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for ordering and delivering food items on demand.
Service for on-demand delivery of groceries and essentials.
Platform for ordering and delivering alcohol beverages quickly.
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Software Development Team
245 people
Product Management Team
84 people
Sales and Marketing
72 people
Leadership Team
63 people
Data Analysis and Operations Team
51 people
Senior Team
45 people
Finance and Accounting
41 people
Operations Team
26 people
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Funding Insights of Postmates
Postmates has successfully raised a total of $902.75M across 9 strategic funding rounds. The most recent funding activity was a Series G round of $225 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series G — $225.0M
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First Round
First Round
(01 Jun 2011)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2019 | Amount | Series G - Postmates | Valuation | GPI Capital |
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| Jan, 2019 | Amount | Series F - Postmates | Valuation | Tiger Global Management , BlackRock |
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| Sep, 2018 | Amount | Series F - Postmates | Valuation | Tiger Global Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Postmates
Postmates has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Uber, BlackRock and GPI Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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GPI Capital is engaged in non-control growth equity investments.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Investments are directed toward early and late-stage tech companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Postmates
Postmates has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Hey and Sosh SF. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Self-publishing of personal journals is facilitated with automatic memory tracking.
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2012 | ||||
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Local activities and tours are booked via an app-based platform.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Postmates
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Postmates Comparisons
Competitors of Postmates
Postmates operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DoorDash, Thrive Market, Instacart, Grubhub and Wonder, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Organic groceries are offered through an online membership platform.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category grocery products
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| domain | founded_year | HQ Location |
Online platform offering food ordering and delivery services
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| domain | founded_year | HQ Location |
Food ordering and delivery are facilitated via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Postmates
Frequently Asked Questions about Postmates
When was Postmates founded?
Postmates was founded in 2011.
Where is Postmates located?
Postmates is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Postmates?
Baastian Lehmann is the current CEO of Postmates. They have also founded this company.
Is Postmates a funded company?
Postmates is a funded company, having raised a total of $902.75M across 9 funding rounds to date. The company's 1st funding round was a Series F of $300M, raised on Jun 01, 2011.
What does Postmates do?
Founded in 2011 in San Francisco, United States, Postmates operates as an online platform in the on-demand delivery sector. Services include bookings for pickups and deliveries of groceries, food, beverages, household items, and other essentials within local areas. The platform supports hyperlocal logistics, connecting users with couriers for efficient, short-distance fulfillment across urban regions.
Who are the top competitors of Postmates?
Postmates's top competitors include DoorDash, Thrive Market and Instacart.
What products or services does Postmates offer?
Postmates offers Food Delivery Service, Grocery Delivery, and Alcohol Delivery.
How many acquisitions has Postmates made?
Who are Postmates's investors?
Postmates has 21 investors. Key investors include Uber, BlackRock, GPI Capital, Tiger Global, and Glynn Capital.
What is Postmates's valuation?
The valuation of Postmates is $450M as of Jun 2015.
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