Postmates, founded in 2011 by Bastian Lehmannand and acquired less than ten years later by Uber (in 2020) for $2.65 billion. The on-demand delivery service first launched in San Francisco with ~200 couriers, and quickly expanded to Seattle in 2013 followed by other US metros. At the time of the Uber acquisition, Postmates operated in over 4,200 cities in all 50 states of the United States offering local delivery of restaurant-prepared meals and various goods. Postmates' last reported annual revenue was $730 million in 2021 and was still growing steadily at 14% year-over-year.
$225M • 2020 • Seed
Postmates is a food delivery service that allows users to order from more than 600,000 restaurants, retailers, grocers, and more. The company was acquired by Uber for $2.65 billion in 2020. This is the original Postmates pitch deck that cofounder Bastian Lehmann used to raise $750k in seed funding in 2011.
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