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<a href="https://blog.postmates.com/major-funding-growth-milestone-puts-postmates-on-new-trajectory-8d1bfa6922ba?utm_source=1851franchise.com&utm_medium=article&utm_campaign=postmates-secures-300-million-in-funding-brings-valuation-to-12-billion-2707885" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">In a blog post</a> penned by co-founder and CEO Bastian Lehmann, Postmates announced it has netted $300 million in venture funding led by Tiger Global Management. The capital acquisition brings the third-party delivery startup&rsquo;s valuation to approximately $1.2 billion and gives Postmates the opportunity to &ldquo;march toward&rdquo; an IPO in 2019, according to Lehmann.

&ldquo;We didn&rsquo;t have plans to raise additional capital,&rdquo; <a href="http://fortune.com/2018/09/18/postmates-funding-unicorn/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=postmates-secures-300-million-in-funding-brings-valuation-to-12-billion-2707885" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Lehmann told Fortune magazine</a>. &ldquo;Tiger Global approached us and said it&rsquo;s time to put some more gas in this machine. So we decided to show everyone what we could do if we invest a bit more heavily in growth.&rdquo;

Postmates has a dense collection of partnerships with brands like Walmart, Chipotle, Sugarfish, Shake Shack, and 7-Eleven, completing more than 3 million deliveries per month. According to Postmates, nearly 250,000 businesses nationally sell through the platform and it is contribution margin-positive in 90% of the markets it operates. 
 
Read the full announcement <a href="https://blog.postmates.com/major-funding-growth-milestone-puts-postmates-on-new-trajectory-8d1bfa6922ba?utm_source=1851franchise.com&utm_medium=article&utm_campaign=postmates-secures-300-million-in-funding-brings-valuation-to-12-billion-2707885" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">here</a>.

Postmates, third-party delivery, restaurant industry, Tiger Global

Postmates Secures $300 Million in Funding, Brings Valuation to $1.2 Billion

1851 Franchise

Third-party delivery startup Postmates raised $300 million from Tiger Global to fuel continued growth

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