- General
- July 11, 2018
- 3 minutes read
Postmates launches in over 100 more U.S. cities in its largest nationwide expansion yet
image credit : Postmates Notable San Francisco based food delivery and logistics startup Postmates has now expanded to 100 more…
image credit : Postmates
Notable San Francisco based food delivery and logistics startup Postmates has now expanded to 100 more cities in the U.S. which will see a whole lot of regions and customers now being able to make use of its widely used on-demand delivery services.
This enormous expansion comes as a very good boost for the company as it opens up its service to several major neighborhoods which will increase its customer base and provide more revenue for the company reported to have made around $250 million in last year revenue.
image credit : Postmates
Postmates counts a broad selection of over 250,000 partners for its service and a total population across its operating cities reaching a vast figure of 135 million people in the U.S. who can now make use of its ordering app.
Postmates notably delivers from various restaurants and small retail shops but has added delivering from grocery stores and kicked off a partnership 3 months ago with major brick-and-mortar and e-commerce retailer Walmart in a bid to stand against competition from a growing number of companies consisting the likes of Uber, GrubHub, Amazon, Instacart and several others.
The company is also upping its partnership with fast food restaurant chain Chipotle with 300 more of its locations added to its service along with the company offering free delivery from Chipotle restaurants currently to the 15th of July.
Postmates was founded 3 years ago by entrepreneur trio Bastian Lehmann, Sam Street and Sean Plaice and has been expanding since then although the company has faced some issues concerning calculated profitability and was reportedly in talks to merge with another major food delivery startup DoorDash notable for having raised $535 miliion from Softbank at a $1.4 Billion valuation.
Postmates has raised just over $270 million in total and counts notable firms Tiger Global, Founders Fund, Spark Capital, Harmony Partners and several others amongst its backers.
