by Walther Ploos van Amstel
On-demand delivery startup Postmates raised $300 million in venture funding by Tiger Global to accelerate its growth. The deal values Postmates at approximately $1.2 billion. “We didn’t have plans to raise additional capital,” Postmates CEO Bastian Lehmann told Term Sheet. “Tiger Global approached us and said it’s time to put some more gas in this machine. So we …
Food couriers have recently joined truck and taxi drivers in the category of jobs that are most likely to be made obsolete by self-driving technology. Ford is currently experimenting with self-driving delivery vans in Miami since earlier this year. And more recently, Ford joined with Postmates to see how people ordering takeout food would interact with …
As the steady rise of e-commerce pushes logistics companies and their retail partners to deliver more parcels, faster, speedy delivery is becoming a major competitive advantage. And no company has capitalized on this opening like Amazon, which has made a name for itself in fulfillment with its Prime and Prime Now delivery offerings.