Postmates - About the company
Postmates is an acquired company based in San Francisco (United States), founded in 2011 by Baastian Lehmann and Sam Street. It operates as a Provider of on-demand delivery services for food, drinks, and groceries. Postmates has raised $903M in funding from investors like Tiger Global Management, Spark Capital and Founders Fund, with last known valuation of $2.4B. The company has 605 active competitors, including 46 funded and 31 that have exited. Its top competitors include companies like DoorDash, Grubhub and Wonder.
Sectors and market segments that Postmates operate in
Postmates serves in the Food and Agriculture Tech market segments.The primary business model of Postmates is:Company Details
Provider of on-demand delivery services for food, drinks, and groceries. It facilitates the delivery of various items to customers. The business also provides options for users to order for pickup. It offers opportunities for individuals to sign up to deliver.
- Website
- postmates.com
- Social
- Email ID
- *****@postmates.com
- Registered Address
- San Francisco, California
Key Metrics
Founded Year
2011
Location
San Francisco, United States
Stage
Acquired
Total Funding
$903M in 9 rounds
Latest Funding Round
Last Known Valuation
$2.4B as on Sep 19, 2019
Investors
Ranked
10th among 605 active competitors
Employee Count
4,123 as on Sep 30, 2026
Exit Details
Acquired by Uber (Jul 05, 2020)
Legal entities associated with Postmates
Postmates is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
POSTMATES, INC. CIN: 452730241 , United States, Active | Dec 31, 1999 | - | 1317 (As on Dec 31, 2020) | - |
Postmates's acquisition details
Click here to take a look at Postmates's acquisition in detail
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Postmates's funding and investors
Postmates has raised a total funding of $903M over 9 rounds. Its first funding round was on 2011. Its latest funding round was a Series G round on Sep 19, 2019 for $225M. 1 investor participated in its latest round. Postmates has 56 institutional investors and 11 angel investors.
Here is the list of recent funding rounds of Postmates:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 19, 2019 | $225M | Series G | $2.4B | - | - | |
Jan 10, 2019 | $100M | Series F | $1.85B | - | - | |
Sep 18, 2018 | $300M | Series F | $1.2B | - | - |
Access funding benchmarks and valuations. Sign up today!View details of Postmates's funding rounds and investors
Postmates' founders and board of directors
Founder? Claim ProfileThe founders of Postmates are Baastian Lehmann and Sam Street. Baastian Lehmann is the CEO of Postmates.
Here are the details of Postmates' key team members:
- Baastian Lehmann: Co-Founder & CEO of Postmates and founder of 2 other companies, Curated and Zensify. They are also an angel investor in 2 startups.Contact Info: 1 email address
- Sam Street: Former Co-Founder of Postmates. Contact Info: 1 email address
View details of Postmates's Founder profiles and Board Members
Postmates' employee count trend
Postmates has 4,123 employees as of Sep 26. Here is Postmates's employee count trend over the years:
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Postmates's Competitors and alternates
Top competitors of Postmates include DoorDash, Grubhub and Wonder. Here is the list of Top 10 competitors of Postmates, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | DoorDash 2013, San Francisco (United States), Public | Platform facilitating fast, same-day delivery of food, grocery and retail essentials from local stores and restaurants to consumers | $2.5B | 87/100 | |
2nd |  Grubhub 2004, Chicago (United States), Acquired | Online platform offering food ordering and delivery services | $284M | 84/100 | |
3rd |  Wonder 2016, New York City (United States), Series D | Platform offering food delivery and takeout services from various restaurants | $2.83B | 82/100 | |
4th | Slice 2009, New York City (United States), Series D | Platform offers a variety of services centered around food delivery and dining experiences | $160M | 74/100 | |
5th | Starship Technologies 2014, San Francisco (United States), Series C | Operator of autonomous robots for delivery of goods and advertising | $281M | 70/100 | |
6th |  Just Eat Takeaway 2000, Amsterdam (Netherlands), Acquired | Online platform offering food delivery services | - | 69/100 | |
7th | Provider of cloud-based on-demand drone-based e-commerce delivery services | $60M | 69/100 | ||
8th | Favor 2013, Austin (United States), Acquired | Online food order and delivery platform | $37.1M | 68/100 | |
9th | Chowbus 2015, Chicago (United States), Series C | Online platform providing food ordering and delivery services | $186M | 66/100 | |
10th |  Postmates 2011, San Francisco (United States), Acquired | Provider of on-demand delivery services for food, drinks, and groceries | $903M | 63/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Postmates's competitors? Click here to see the top ones
Postmates's Investments and acquisitions
Postmates has acquired 2 companies including Hey and Sosh SF. Postmates has not made any investments as of now.Reports related to Postmates
Here is the latest report on Postmates's sector:
News related to Postmates
Filter this list•
California labor law protecting gig workers faces legal challenges from Uber and PostmatesCBS News•Jun 13, 2025•Uber, Postmates
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Kleiner Perkins leads $14.4M seed round into Fizz, a credit-building debit card aimed at Gen Z college studentsTechCrunch+•Jun 06, 2024•Kleiner Perkins, SV Angel, Y Combinator, New Era Ventures and 5 others
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Sidewalk delivery robot maker Serve raises $40 million in stock saleDC Velocity•Apr 24, 2024•Serve Robotics, Postmates, Aegis Capital, Sichenzia Ross Ference Carmel and 1 other
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Slow Ventures invests in creator companies. Up next: A literary hub led by a BookTube star.Tubefilter•Jan 10, 2024•Slow Ventures, Robinhood, Venmo, Birchbox and 3 others
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Serve Robotics Raises $30M FinancingFinSMEs•Aug 10, 2023•Serve Robotics, Uber, Nvidia, Wavemaker Partners and 3 others
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Domino's signs deal with Uber Eats in a bid to make more doughSpringfield Business Journal•Jul 13, 2023•Domino's Pizza, corporate.dominos.co.uk, UberEATS, Postmates and 2 others
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Delivery app holdout Domino’s will list its pizzas on Uber Eats in the USDailyGoldIndex•Jul 12, 2023•Domino's Pizza, UberEATS, Uber, Dominos and 1 other
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Grubhub, Uber Eats, Postmates Must Face Diners’ Lawsuit Over U.S. Restaurant PricesInsurance Journal•Mar 31, 2022•Grubhub, UberEATS, Postmates
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Ex-Postmates executive Lieber joins Shippo as chief business officerFreightWaves•Dec 15, 2021•Postmates, Shippo
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