Postmates

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.

Company Growth (employees)
Type
Private
HQ
San Francisco, US
Founded
2012
Size (employees)
2,212 (est)+5%
Postmates was founded in 2012 and is headquartered in San Francisco, US

Key People/Management at Postmates

Bastian Lehmann

Bastian Lehmann

CEO / Co-Founder
Sean Plaice

Sean Plaice

Co-Founder
Sam Street

Sam Street

Co-Founder

Postmates Office Locations

Postmates has offices in San Francisco, Bellevue, Dallas, Nashville and in 17 other locations
San Francisco, US (HQ)
690 5th St
Show all (20)

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 b in 2018 which is a 75% increase from the previous period.
USD

Revenue (Y, 2018)

1 b

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

75%

Gross profit (Y, 2018)

298.2 m

Gross profit margin (Y, 2018), %

29%

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
Show all financial metrics

Postmates Operating Metrics

Oct, 2016Jan, 2017Sep, 2017

Monthly Shipments

1.5 m2 m2.5 m

Drivers

100 k
Show all operating metrics

Postmates Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
SoshNovember 05, 2015

Postmates Median Salaries

Source: 14 public H-1B filings from Postmates

Traffic Overview of Postmates

Postmates Online and Social Media Presence

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…

GenZe E-Scooter Partners With Postmates

It's not every day we hear of two companies offering a perfect marriage between a product and a service. In this case, though, we have an electric mobility platform with a highly praised electric scooter (e-scooter) and a delivery service solution that are together wrapped up as one. Genze and its e…

Postmates acqhires Secret CEO David Byttow’s startup Bold

 The founder of one of Silicon Valley’s most famous flameouts, anonymous social app Secret, is the new product lead for Postmates’ app. After Secret shut down and gave investors back their money, David Byttow went on to raise a $1 million seed round from Index to launch a blog publishing tool for en…

Postmates CEO will testify before Congress about the promise of robots and drones

 Postmates CEO Bastian Lehmann is testifying before Congress tomorrow in a hearing called “Disrupter Series: Delivering to Consumers.” The emergence of deliveries via robots and drones has sparked regulatory concerns around safety, as well as fears around the displacement of human workers. In his wr…

Postmates Company Life and Culture

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