1851

<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

postmates-secures-300-million-in-funding-brings-valuation-to-12-billion

Jollibee

How Jollibee Is Disrupting the QSR Franchise Industry 

how-jollibee-is-disrupting-the-qsr-industry

USA Ninja Challenge

How This Franchise Consultant Helps Entrepreneurs Find Purpose With the USA Ninja Challenge Franchise

how-this-franchise-consultant-helps-entrepreneurs-find-purpose-with-the-usa-ninja-challenge-franchise

Busy Bee Jumpers

Bouncing Into Business: Meet Kayla and Jason Leonard, Busy Bee Jumpers’ New Franchisees 

Bouncing Into Business: Meet Kayla and Jason Leonard, Busy Bee Jumpers’ New Franchisees in Rhode Island

bouncing-into-business-meet-kayla-and-jason-leonard-busy-bee-jumpers-new-franchisees-in-rhode-island

Woodhouse Spas

Photo of exterior of Woodhouse Spa location

How Woodhouse Spas Leverages Learning Management Systems

woodhouse-spa-franchise-training-lms

Image Studios

image of studios salon suites stylists business owners

Finding Freedom: Why Beauty and Wellness Professionals Build Their Dream Careers With IMAGE Studios

benefits-image-studios-salon-suites

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Jeni’s Splendid Ice Creams Begins Franchising To Grow Its Fellowship Model

jenis-splendid-ice-creams-begins-franchising-to-grow-its-fellowship-model

Design with American and Federal Reserve flags against light blue background

Federal Reserve Expected To Cut Rates by Quarter Point, a Move That Could Boost Franchise Growth

fed-rate-cut-boosts-franchise-growth

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

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

MORE STORIES LIKE THIS