AngelPad just wrapped the 12th run of its months-long New York City startup accelerator. For the second time, the program didn’t culminate in a demo day; rather, the 19 participating startups were given pre-arranged one-on-one meetings with venture capital investors late last week. AngelPad co-founders Thomas Korte and Carine Magescas did away with the demo […]
Shortly after closing a $100 million pre-IPO round, food delivery business Postmates has confidentially filed documents with the Securities and Exchange Commission for an upcoming public offering, Bloomberg first reported and the company confirmed in a blog post. The company will debut on the stock exchange at a more than $1.85 billion valuation — the valuation it […]
When one food delivery startup fails, another gets funded. Chowbus, an Asian food ordering platform headquartered in Chicago, has brought in a $4 million “seed” funding led by Greycroft Partners and FJ Labs, with participation from Hyde Park Angels and Fika Ventures. The startup, aware of the challenges that plague startups in this space, says offering exclusive access to restaurants and eliminating […]
Postmates has made two new hires, both of which hail from Pinterest, in the form of Eric Edge and Andreas Lieber. Edge joins Postmates as the SVP of Brand & Communications while Lieber joins as SVP of business development and corporate development. Both come to Postmates from Pinterest where they served as Head of Global […]
The government shutdown entered its 21st day on Friday, upping concerns of potentially long-lasting impacts on the U.S. stock market. Private market investors around the country applauded when Uber finally filed documents with the SEC to go public. Others were giddy to hear Lyft, Pinterest, Postmates and Slack (via a direct listing, according to the latest reports) […]
Postmates, one of the earlier entrants to the billion-dollar food delivery wars, has raised an additional $100 million in equity funding at a $1.85 billion valuation, as first reported by Recode and confirmed to TechCrunch by Postmates. The round comes four months after the eight-year-old startup drove home a $300 million investment that finally knocked […]
Federico Antoni Contributor Federico Antoni is managing partner at ALLVP, an early-stage VC based in Mexico. He is a lecturer in management at the Stanford Graduate School of Business. More posts by this contributor Not another AI post The rise and rise of Mexican fintech Every year I teach an MBA course at Stanford about […]
San Francisco partially banned delivery robots because they obstructed pedestrians, so Postmates built one with eyes, turn signals and a mandate to yield. Serve is Postmates’ new cooler-meet-autonomous-stroller that it hopes can cut costs and speed up deliveries. The semi-autonomous rover uses cameras and Lidar to navigate sidewalks, but always has a human pilot remotely monitoring […]
Instacart has tapped Postmates to offer better delivery services during peak hours in a San Francisco pilot. While Instacart will still handle all the shopping for its customers, it will hand off some deliveries to Postmates at times when there is high demand on the Instacart platform. Postmates, obviously, has offered delivery-as-a-service for merchants and […]
While DoorDash, Postmates and other apps are looking to reimagine what the food delivery experience looks like, Ray Reddy says he wants to figure out what the next generation of a food court looks like. Sort of. Reddy’s startup, Ritual, aims to remake the whole process of leaving your office and walking around five minutes […]