It’s a busy time for Postmates — the logistics and supply firm is prepping for its IPO on the again of a recent $100 million increase in February. Nevertheless, founder and CEO Bastian Lehmann continues to be carving a while out of his schedule to hitch us at Disrupt SF in October.
Earlier than Postmates, Lehmann cofounded Curated.by, a real-time tweet curation platform primarily based out of London. The German native based Postmates in March 2011 and turned the model right into a family title.
The logistics and meals supply market is clearly rising, significantly once you take a look at the sheer amount of money flowing into startups like Postmates ($678 million) and rivals DoorDash ($1.four billion) and Deliveroo ($1.5 billion). That mentioned, the enterprise of on-demand supply has its challenges. The truth that people are delivering real-world merchandise utilizing precise transportation within the bodily world creates a variety of alternative for issues to go improper.
However Postmates has by no means performed it secure.
The startup continues to iterate and experiment with new sorts of merchandise and fashions. In 2017, Postmates took on a handful of latest rivals with the launch of alcohol supply. The corporate tried its hand at grocery supply in numerous methods, together with launching its personal grocery supply service in addition to partnerships with Instacart and Walmart.
The corporate has additionally continued to evolve its Postmates Limitless product, a subscription which permits power-users to pay $9.99/month to skip the supply charges.
Postmates even launched its personal autonomous supply robotic known as Serve in December 2018.
However maybe most spectacular is the truth that Postmates was capable of maintain the product recent whereas increasing… quickly.
Seven months in the past, Postmates was accessible in 550 cities throughout the nation. Now, the service is operational in 3,000 cities nationally, accessible to 70 % of the folks within the U.S., with greater than 500Ok retailers on the platform.
We’re thrilled to take a seat down with Lehmann at Disrupt to debate classes realized and what occurs subsequent. Disrupt SF runs October 2 to October four on the Moscone Heart in SF. Tickets can be found right here.