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Industries
Automotive & Transportation
Consumer Goods
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$3.5B
Headquarters
San Francisco, California
Founded
2011
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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Total Funding
$3508M
Above
Industry Average
Funded Over
8 Rounds
Earned wage access platform DailyPay has tapped Uber’s former CFO to lead its board of directors.In a Wednesday (Jan. 8) press release, DailyPay announced Nelson Chai will be providing strategic oversight to the company as executive chair.The release noted that Chai brings more than three decades of experience in finance and technology to the role.“Over his extensive senior leadership across globally recognized companies, Nelson has executed many successful growth strategies, and we look forward to having his valuable experience and insights at DailyPay,” DailyPay CEO Stacy Greiner said in the release.Chai served as Uber’s CFO from 2018 to 2023, which included leading the ride-sharing and food delivery giant’s IPO, a $2.65 billion acquisition of Postmates in 2020 and the $2.25 billion acquisition of logistics operator Transplace in 2021.His previous senior leadership positions include CEO of Warranty Group, president of CIT Group, as well as CFO roles at Merrill Lynch, New York Stock Exchange Euronext and Archipelago Holdings. He currently serves on the boards of Chubb and Thermo Fisher Scientific, the release said.The Wall Street Journal reported that Chai departed Uber on Jan. 5, 2024.Chai stated in the release: “DailyPay is an industry leader. The team has built an incredible mission-driven company empowering workers and helping them achieve personal work and financial goals. Impressively and at the same time, DailyPay is helping employers gain a competitive advantage in recruiting, retaining, and increasing worker productivity
Starbucks now offers access to delivery powered by DoorDash through its own app. As of Monday (Nov. 11), customers across the United States and Canada (excluding Quebec) can order delivery through the Starbucks app, the company said in a Tuesday (Nov. 12) press release. Starbucks customers can also continue to order delivery through the DoorDash app, as those in a growing number of locations have been able to do since the rollout of that capability began with a pilot program in select markets in 2022, according to the release
Consumers across the United States will soon be able to have Starbucks orders delivered to their door by Grubhub.The coffee retailer and the food ordering and delivery marketplace announced their new delivery partnership in a Thursday (June 6) press release.Starbucks orders will be available via Grubhub beginning in June in select markets in three states — Pennsylvania, Colorado and Illinois — and they are expected to be available in all 50 states by August, according to the press release.“Customer demand to get Starbucks delivered continues to increase, as evidenced by double-digit growth in the U.S. delivery business this past quarter, indicating that our customers continue to want convenience in their everyday lives,” Meg Mathes, vice president of digital experiences at Starbucks, said in the release.The partnership with Grubhub will increase the availability of delivery options, Mathes added.Starbucks delivery will be accessible through the Grubhub mobile app and Grubhub.com, according to the release. Most of the Starbucks menu will be available through these channels, and customers will be able to customize their orders just as they would at Starbucks.“By joining forces with a beloved national brand like Starbucks, we’re offering customers more of what they want on Grubhub while strengthening our enterprise offering and growing our merchant supply in markets nationwide,” Liz Bosone, vice president of enterprise partnerships at Grubhub, said in the release.Starbucks announced a deal with another delivery marketplace, DoorDash, in September 2022 and expanded that partnership in January 2023.Before that, the coffeehouse chain announced a partnership with Uber Eats in July 2019 and with Postmates, which is now owned by Uber, in 2015.In June 2023, Starbucks said it was considering opening delivery-only stores to more efficiently meet consumers’ demand for convenience.As for Grubhub, that company said on May 30 that it has expanded its restaurant delivery partnership with Amazon. In that collaboration, Amazon customers in the U.S. can order from hundreds of thousands of restaurants across all 50 states with Grubhub directly on Amazon.com and the Amazon Shopping app.In April, Grubhub expanded its grocery delivery offerings via a partnership with online marketplace Mercato.For all PYMNTS retail coverage, subscribe to the daily Retail Newsletter
Series Seed financing led by Kleiner Perkins underscores urgent need for novel approaches to mounting credit card debt crisisNEW YORK, June 6, 2024 /PRNewswire/ -- Today, Fizz announced it has raised a $14.4 million Series Seed round to provide young generations with an easy-to-use debit card that helps avoid overspending. Fizz's debit card uniquely aids young adults in establishing credit without the burden of interest or fees. The financing was led by Kleiner Perkins with participation from SV Angel, Y-Combinator, New Era Ventures, and the founders and operators behind ten unicorns, including Handshake, Postmates, and Public.com.Fizz is the first credit-building debit card for students with an innovative, proactive AI budgeting solution at its core. Fizz also offers engaging, gamified financial literacy courses presented in a fun and interactive quiz format.Fizz has already helped students build credit at every Ivy League school, and every top-25 US News & World Report school. The Fizz card requires no credit history, cosigner, or security deposit to get started, making it accessible to nearly all young adults, including internationals."The concept of credit can be so daunting and inaccessible for younger people that they delay building credit history until it's too late," said Carlo Köbe, Co-Founder and CEO at Fizz. "Traditional cards are hard to get approved for, and even if you do, high-interest debt can trap students for decades
SAN FRANCISCO, April 22, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve"), a leading autonomous sidewalk delivery company, today announced the closing of its underwritten public offering of 10,000,000 shares of common stock at a price to the public of $4.00 per share, for
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Industries
Automotive & Transportation
Consumer Goods
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$3.5B
Headquarters
San Francisco, California
Founded
2011
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Discover companies similar to Postmates