Pstmates
The news added to uber shares recent.
Pstmates. Stay up to date on company announcements promos recommendations and more by following along on the postmates blog. Postmates is the largest most reliable on demand delivery and pickup platform. Postmates which is the clear 4 player behind doordash uber eats and grubhub would be both a defensive and offensive acquisition in the food delivery space for uber at a time with its core. Founded in 2011 it was among the first start ups to use part time gig.
Food delivery players with a market share of about 8 of the u s. Postmates an early pioneer in delivery has fallen behind in the crowded field. Postmates last valued by investors at 2 4 billion is smaller than the other players with about 10 million customers. Uber just added postmates to its portfolio.
The ride hailing company agreed to buy the food delivery service on monday for 2 65 billion in an all stock deal. Although it has performed well in certain cities such as los angeles and miami it captured only 10 percent of food. Meal delivery market as of may 2020 versus about 23 for uber eats. Able to deliver anything from anywhere postmates is the food delivery grocery delivery whatever you can think of delivery app to bring what you crave right to your door.
Although postmates is the smallest among the major u s.