Postmates

Postmates

On-demand delivery service for various items

About Postmates

Simplify's Rating
Why Postmates is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Automotive & Transportation

Consumer Goods

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$3.5B

Headquarters

San Francisco, California

Founded

2011

Overview

Postmates provides on-demand delivery services for a variety of items, including food, groceries, and alcohol, from local stores and restaurants. Customers can place orders through the Postmates app or website, and local couriers pick up and deliver the items. This service operates in over 500 cities worldwide, catering to busy professionals, families, and students who need quick delivery solutions. Postmates generates revenue through delivery fees and a subscription service called Postmates Unlimited, which offers members unlimited free deliveries for a monthly fee. Additionally, the company partners with local businesses, allowing them to reach more customers without needing their own delivery systems. Postmates stands out in the delivery market by combining a wide range of products, a user-friendly app, and a strong network of local couriers.

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Simplify's Take

What believers are saying

  • Rising demand for delivery services during off-peak hours offers growth opportunities.
  • AI-driven logistics can enhance delivery speed and reduce operational costs.
  • Expanding Postmates Unlimited with perks could increase subscribers and retention.

What critics are saying

  • Increased competition from Starbucks' partnerships may reduce market share in coffee delivery.
  • Wage hikes and regulations could raise operational costs, affecting profitability.
  • Grubhub's partnership with Amazon may divert customers from Postmates.

What makes Postmates unique

  • Postmates offers exclusive access to over 600,000 restaurants and retailers in the US.
  • Postmates Unlimited provides free delivery, enhancing customer loyalty and recurring revenue.
  • The platform covers 80% of US households, ensuring extensive market reach.

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Funding

Total Funding

$3508M

Above

Industry Average

Funded Over

8 Rounds

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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