Postmates
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Grabr gets $8M to connect travelers with luggage space with those longing for products abroad
You might get to actually save money while you’re traveling if you just leave some free space in your bag — or not pay for that travel at all — if Daria Rebenok’s plan plays out. As avid travelers, and ones longing for products from home they can’t get abroad, she and Artem Fedyaev decided to start Grabr to work on exactly this problem. While you might not be… Read More
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Apple is giving away free Postmates Unlimited subscriptions
If you use Apple Pay to sign up for Postmates Unlimited, you’ll be able to get free deliveries on orders over $20 and no peak hour price surging for the next 45 days, MacRumors first reported. To qualify for this promotion, you need to sign up by November 23. You can, of course, cancel your subscription at any time. Read More
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Winners and losers in Amazon’s $13.7B purchase of Whole Foods
Amazon is taking a huge bite out of the fresh food business with its bid for Whole Foods Market for $13.7 billion. But even though this is a deal between two companies, it’s not just the two of them being touched by it. The intersection between the food and tech industries has been playing out for years now, sprouting dozens of food startups; efforts from large tech companies to move… Read More
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Postmates acqhires Secret CEO David Byttow’s startup Bold
The founder of one of Silicon Valley’s most famous flameouts, anonymous social app Secret, is the new product lead for Postmates’ app. After Secret shut down and gave investors back their money, David Byttow went on to raise a $1 million seed round from Index to launch a blog publishing tool for enterprises called Bold.
Today Bold was acqhired by Postmates, Byttow confirmed to… Read More
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Flush with funding, Instacart accelerates US expansion
Grocery delivery startup Instacart recently closed a $400 million Series D round of funding at a valuation of $3.4 billion. Now, the company is putting that capital to work by accelerating its expansion across the U.S., and offering free Instacart Express memberships to entice new users wherever it goes. Read More
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Postmates now allows drivers to opt out of mandatory arbitration
In fall 2015, the National Labor Relations Board filed a complaint against Postmates that challenged the legality of the company’s mandatory arbitration agreement between it and its contractors. Yesterday, Postmates updated its legal document to offer contractors a way to opt out of mandatory arbitration. Read More
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UberEATS fires up surge pricing for deliveries in some U.S. cities
UberEATS customers already have the ease-of-use of Uber’s mobile app for food ordering and delivery. Now they’re getting the surge pricing that Uber’s earlier ride-hailing service is known for, as well. In a blog post entitled “Delivery at Uber speed, even when it’s busy,” the company announced today that surge pricing would hit select U.S. cities. In… Read More
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Postmates is raising at least $100 million to fuel its on-demand ambitions
We’re hearing from sources that Postmates, which is among a few companies that are seen as operating in the difficult on-demand space, is raising at least $100 million in a round led by Founders Fund. Sources stressed that the round has not closed, and that things may change over time. Despite the challenges of working in an on-demand economy — which can sometimes lead to… Read More
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How consolidations will play out in the transportation, food and entertainment industries
There has been no shortage of thoughtful articles exploring a bubble in technology. I would argue that the world has already been transformed, and there is no bubble in the purest sense. Instead of massive flameouts that leave everyone burned, I think we are going to see a wave of beneficial consolidation and rationalization in industries that appropriately have seen exceptional venture… Read More
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Leaked Postmates financials suggest company might be doing better than everyone thought
Postmates, the delivery app, is often seen as emblematic of the struggling on-demand businesses. Countless venture capitalists have told TechCrunch that the company, despite its popularity with consumers, is doomed because its unit economics don’t add up. The costs of paying the couriers is greater than the money generated from delivery fees, according to the narrative. And naysayers… Read More
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