Postmates is an urban logistics and on-demand delivery platform that allows users to ship any item within the city for same-day delivery. The Company's  platform connects customers with local couriers, who can deliver goods from any store or restaurant in minutes. Postmates empowers communities to shop local with no waiting and businesses through Postmates API to offer delivery.

Type
Private
HQ
San Francisco, US
Founded
2012
Size (employees)
2,650 (est)+4%
Postmates was founded in 2012 and is headquartered in San Francisco, US
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Key People/Management at Postmates

Bastian Lehmann

Bastian Lehmann

Co-Founder & CEO
Sam Street

Sam Street

Co-Founder
Sean Plaice

Sean Plaice

Co-Founder

Postmates Office Locations

Postmates has offices in Orange, Chicago, Pittsburgh, Columbus and in 16 other locations
San Francisco, US (HQ)
690 5th St
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Postmates Financials and Metrics

Summary Metrics

Postmates's latest funding round in September 2016 was reported to be $140 m. In total, Postmates has raised $278 m. Postmates's latest valuation is reported to be $751 m.

Postmates Financials

Postmates's revenue was reported to be $1.04 b in Y, 2018 which is a 74.7% increase from the previous period.
USD

Revenue (Y, 2018)

1 b

Revenue growth (Y, 2017 - Y, 2018), %

74.7%

Gross profit (Y, 2018)

298.2 m

Gross profit margin (Y, 2018), %

28.7%

EBIT (Y, 2018)

14.3 m

Market valuation

751 m
USDY, 2014Y, 2015Y, 2016Y, 2017Y, 2018

Revenue

8.6 m55.4 m249.6 m594.2 m1 b

Revenue growth, %

544%351%138%75%

Cost of goods sold

7.6 m44.2 m189 m429.8 m739.9 m

Gross profit

1 m11.3 m60.6 m164.4 m298.2 m
USDY, 2018

Revenue/Employee

411.9 k
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Postmates Operating Metrics

Oct, 2016Jan, 2017Sep, 2017Apr, 2018

Drivers

100 k150 k

Monthly Shipments

1.50 m2 m2.50 m
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Postmates Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Sosh (53)November 05, 2015
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Postmates News and Updates

Leaked Postmates presentation

In a year that was unkind to many food delivery startups, Postmates made out relatively well. The company said in late October that it had secured $141 million in a funding round that Bastian Lehmann, its chief executive, described as “super, super difficult.” The fresh capital brought Postmates’ va…

Postmates and DoorDash would see significant gains with merger

This story was delivered to Business Insider Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. On-demand delivery service startups Postmates and DoorDash are reportedly mulling a merger that would…

Postmates launches pickup feature

Postmates, the startup that offers on-demand delivery for anything in your city, now lets people order ahead for pickup. This comes about one year after Square’s Caviar expanded into pickups, following the acquisition of OrderAhead’s pickup business. It’s not clear how many markets this is available…

Food delivery service Postmates backtracks after trashing Mark Zuckerberg for ‘screwing our democracy’ in an app update (AAPL, FB)

Food delivery service Postmates has backtracked after making a joke at Facebook CEO Mark Zuckerberg's expense in its new app release notes. Facebook "screwed our democracy," taunted Postmates, making light of the Cambridge Analytica scandal, where as many as 87 million Facebook profiles were impro…

Postmates Delivery Service Revives Dot Com Bust Era Business Niche

Venturing where Kosmo and other dot com busts failed

Ford Launching Self-Driving Vehicle Delivery Programs In Miami (Domino’s + Postmates)

Ford has now launched a self-driving vehicle pilot delivery program in Miami (Florida) in partnership with Domino's — to be followed by the launch there of a program with Postmates as well — the company's Vice President of Autonomous Vehicles and Electrification, Sherif Marakby, has revealed
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