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Postmates

11 Jul

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Postmates featured in Time.com

July 11, 2016 | By |

July 2016: Postmates was featured on Time.com along with other leading websites in response to leaked financials.

After leading experts predicted tough times earlier this year, Time provided this update:

“It’s looking more like Postmates is among those positioned to survive — and even benefit. In April, the (private) company’s financials were leaked, showing revenues grew sixfold last year and would rise 450% this year. Even better, gross margins will double to 24% this year from 12% in 2014. The numbers bolstered CEO Bastian Lehmann’s view that Postmates would be profitable by 2017.”

Read more in Time.com

06 Nov

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Postmates CEO Says He’s Raising Money Again In January To Build The ‘Anti-Amazon’

November 6, 2015 | By |

Ask Bastian Lehmann, the CEO of delivery service startup Postmates, what company he’s gunning for, and you might be surprised. It isn’t Lyft and it isn’t Uber, whose forays into food delivery don’t have him worried in the slightest.

“We’re building the anti-Amazon,” he said.

It’s a bold statement–one he isn’t afraid to repeat. But in order for Postmates to get there, the company will need more capital according to its chief executive. During an interview with FORBES on Thursday, the 38-year-old German entrepreneur noted that despite raising $80 million in June, the company will likely seek more funding as early as next January. Lehmann declined to state how much he hopes to raise or at what valuation, but said that it could possibly be from a late-stage or private equity investor.

25 Jun

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Postmates Raises $80 Million in Push Toward $1 Deliveries

June 25, 2015 | By |

On-demand courier service Postmates has an ambitious goal: $1 deliveries in under an hour.

To help it get there, the San Francisco startup raised $80 million in a round of funding led by Tiger Global Management, said Chief Executive Bastian Lehmann. The investment values the four-year-old company at more than $400 million, he said. Huron River Ventures co-invested in the round.

Postmates, which relies on thousands of couriers to deliver just about anything within a city, is under assault from a wave of startups offering same-day deliveries. To undercut its rivals, Lehmann said the company plans to roll out a new service in August that will charge customers around $1 apiece for deliveries of food and other goods to high-density zip codes at peak times.