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.

TypePrivate
HQSan Francisco, US
Founded2011
Size (employees)3,225 (est)+4%
Websitepostmates.com
Postmates was founded in 2011 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
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Postmates Office Locations

Postmates has offices in Durham, Jersey City, Kansas City, Albuquerque and in 29 other locations
San Francisco, US (HQ)
201 3rd Street, Suite 200
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Postmates Financials and Metrics

Summary Metrics

Postmates's latest funding round in September 2018 was reported to be $300 m. In total, Postmates has raised $578 m. Postmates's latest valuation is reported to be $1.2 b.
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Postmates Revenue

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)

1.0b

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

74.7%

Gross profit (Y, 2018)

298.2m

Gross profit margin (Y, 2018), %

28.7%

EBIT (Y, 2018)

14.3m

Market valuation

1.2b
USDY, 2014Y, 2015Y, 2016Y, 2017Y, 2018

Revenue

8.6m55.4m249.6m594.2m1.0b

Revenue growth, %

544%351%138%75%

Cost of goods sold

7.6m44.2m189.0m429.8m739.9m

Gross profit

1.0m11.3m60.6m164.4m298.2m
USDY, 2018

Revenue/Employee

369.4k
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Postmates Operating Metrics

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

Cities

550

Drivers

100 k150 k170 k

Monthly Shipments

1.50 m2 m2.50 m3 m

New Restaurants

300
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Postmates Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
SoshNovember 05, 2015
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Postmates Online and Social Media Presence

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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…

Rubio's Delivers New Nationwide Partnership With Postmates

SAN DIEGO AND SAN FRANCISCO, Oct. 19, 2018 /PRNewswire/ -- Postmates and Rubio's® Restaurants announced today that they have partnered to roll out on-demand delivery to all locations nationwide. Rubio's, the brand known for its delicious coastal cuisine and popularizing the fish taco, is...

Postmates launches food delivery in 134 new U.S. cities

Homebodies across the U.S. have reason to celebrate. Postmates — the on-demand food delivery service so popular in major cities that it’s a verb now— just launched in 134 new markets. Those 134 new cities mean that Postmates has a presence in 550 cities total across the U.S, including places like Lu…

Postmates Launches 134 New Cities -- Now Available To 60 Percent Of US Households

SAN FRANCISCO, Oct. 16, 2018 /PRNewswire/ -- Postmates has experienced unprecedented growth in 2018. In the last few months, the company has launched 130+ cities, announced the company has raised $300M and shared how its Unlimited product has grown more than 300% since its launch in March ...

Visa and Stripe team to offer instant deposits to Postmates fleet

Today, Visa announced an agreement with Postmates, the nation’s largest on-demand delivery network,...

Postmates Unlimited lowers minimum order size for free delivery

On the heels of a $300 million funding round valued at $1.2 billion, Postmates is making its Unlimited monthly subscription product a bit more economical. Postmates Unlimited, which costs $9.99 per month ( or $7.99 per month paid annually), is lowering its minimum order size from $20 to $15. That me…
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Postmates Blogs

Faces of Fleet — Meet John Silva

Faces of Fleet — Meet John SilvaThis is the seventh installment in a 12-part series where we uncover the stories of the people behind your deliveries.John Silva. Future Veterinarian. 3rd Generation L.A. Native. Postmate.John and his family have lived in the Boyle Heights neighborhood of Los Angeles …

Postmates x Rubio’s

With winter fast approaching, sometimes you just want to stay inside, turn on the heat, order fish tacos and pretend like its still summer. Today we’ve made that dream a reality. We’re excited to announce that we’ve partnered with Rubio’s, the brand known for its delicious coastal cuisine and popula…

Postmates Expands Its FoodFight! Program — Reducing Food Waste in LA

Postmates Expands Its FoodFight! Program — Reducing Food Waste in LAApproximately one year ago today, Postmates launched Civic Labs — a social impact division within Postmates. Focused on developing programs and partnerships to promote food security, local businesses, and foster community engagement…

Postmates Launches 134 New Cities — Now Available to 60% of US Households

Postmates Launches 134 New Cities — Now Available to 60% of US HouseholdsAs the O.G. of on-demand, we are committed to being the most reliable on-demand anything network. Today, we’re expanding that commitment to 134 new cities— meaning we now cover 60% of the US! Our mission has always been to supp…

Introducing: The Receipt — Starring Kyle Kuzma of the LA Lakers

Introducing: The Receipt — Starring Kyle Kuzma of the LA LakersIf you’ve ever wondered what to say when you bump into your celebrity crush, consider this: Postmates is something we all have in common. Over the next few weeks, some of your favorite people on Postmates will pull back the curtain and g…

Postmates x Subway

Over the lifetime of Postmates, we’ve delivered 43 miles of subs from Subway® restaurants. That’s 221,000 pounds of sandwiches, five and a half football fields or three times the length of Manhattan. No question, that’s a lot of subs delivered by Postmates.Today, we’re excited to announce that we’ve…
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Postmates Company Life and Culture

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