Postmates CEO Bastian Lehmann spoke last week at Fortune’s Brainstorm Tech conference in Aspen, Colorado, where he dismissed rumors that the fourth-largest U.S.-based delivery brand was preparing to be sold to DoorDash, Uber or Walmart rather than pursuing a previously announced initial public offering. “I would love to take Postmates public,” he said. “It’s actually one of the great American consumer brands, … and our plan is to take it public.” Postmates is “growing twice as fast as Uber Eats and Grubhub,” he said, implying that the brand remains attractive […]
A new survey from US Foods digs into the grievances consumers have with third-party delivery and provides some eye-popping insight into some of the less-than-ethical things couriers do on the job. The food supplier conducted a national survey of 1,500 delivery consumers for one part and 500 delivery drivers for the other. Both surveys were conducted between May 9 and May 13 of 2019. While it contains some interesting nuggets, it’s not a massive study given the millions of third-party consumers and the legions of drivers who support them. The […]
There are plenty of reports showing national market share among U.S. delivery providers, but the industry is highly fragmented with some providers far outperforming others in the largest American cities. Grubhub has NYC on lockdown, while DoorDash leads in San Francisco, Dallas and San Antonio. Postmates is far ahead in Los Angeles, with Uber Eats eclipsing the others in Miami. These findings come from Second Measure, a Bay Area-based technology company that analyzes billions of transactions to glean intelligence in partnership with some of the largest U.S. investment firms. In […]
Point-of-sale integration has spawned a whole industry of technology brands looking to ease operations for restaurants diving deeper into delivery with multiple providers. Vishal Agarwal, the founder and CEO of ItsaCheckmate, sees room for all the players in this space, as the focus in restaurants shifts from experimenting with delivery to going whole hog by integrating as many providers as possible—and trying to turn a profit along the way. As ItsaCheckmate builds its staff of largely remote employees, the New York-based outfit proudly proclaims its goal of working with all […]
Starbucks announced plans to deliver directly to consumers all across the U.S. through a new partnership with Uber Eats. Starting in early 2020, the Seattle-based coffee purveyor aims to expand beyond an initial 11-city rollout that demonstrated successful “operation integration” and customer reaction. By partnering with Uber Eats, Starbucks is leveraging the expertise of the largest global delivery service outside of China while extending the potential customer base beyond those who currently hit up Starbucks on the regular. Through the agreement, the two companies will collaborate on innovation and technology […]
Postmates added a high-profile executive from Google to its board of directors. Kristin Reinke, vice president of finance at Google, joins as an independent director and is now part of a leadership group including Postmates’ founders and long-term investors. “As Postmates continues to innovate and shape the on-demand delivery category, Kristin brings a wide range of financial expertise and experience to our board of directors,” said Postmates CEO Bastian Lehmann, noting that her background also includes time at Oracle. A member of Google’s finance leadership team since 2005, Reinke helped […]
McDonald’s is opening up its delivery relationship, announcing via a press release that it signed a contract to make DoorDash its second third-party delivery provider, effectively ending its exclusive deal with Uber Eats that was viewed by many industry watchers as a sign of the times. The world’s largest restaurant brand by revenue will still deliver via Uber Eats, but it’s no longer pretending they’re married. According to Team Ronald, the first DoorDash deliveries will begin with more than 200 restaurants in the Houston market on July 29. “In a […]
When a restaurant operator has thousands of locations across all 50 states, a national delivery contract makes a lot of sense to get the best deal from third-party delivery networks. Which is why Kahala, the parent company of everything from Blimpie, Baja Express, BUILT Custom Burgers to Cereality, Pinkberry and Cold Stone Creamery (among others) is working through the major delivery chains. But it all started organically, as franchisees across the many brands under the Kahala umbrella started signing their own delivery contracts. “We’d have franchisees reaching out and asking […]
A new consumer spending survey from KeyBanc Capital Markets suggests consumers are looking to increase the amount of money they spend on food-delivery services in the future, which bodes well for continued growth in the category going forward. Asked to predict their future spending with Seamless, Postmates, DoorDash, Uber Eats, Grubhub, as well as the Domino’s, Pizza Hut and Papa John’s pizza apps, the majority of respondents in all categories indicated they would be spending moderately or significantly more on the listed restaurant platforms. Those numbers were highest for Seamless, […]
It may never make sense to have a single, small cup of coffee delivered on its own, but The Coffee Bean & Tea Leaf’s new exclusive delivery deal with Postmates has major potential for an international chain with approximately 1,200 stores across the globe. With an in-house assumption that delivery begins to make sense at the $10-an-order mark, the brand is starting its delivery program in and around its Southern California home turf. As part of an overarching strategy to “drive accessibility and convenience” the brand is deploying a flexible […]
