postmates - Tech News from Simmons Systems

Tech News from Simmons Systems

postmates

A collection of 5 posts

Uber Acquires Postmates for $2.65 Billion in All-Stock Deal

Uber purchases Postmates for $2.65 billion in an all-stock transaction following its failed attempt to buy Grubhub. The company plans to operate the Postmates app independently while merging backend delivery logistics.

Postmates Wins Approval to Test Serve Delivery Robots in San Francisco

Postmates receives a city permit to operate its Serve autonomous delivery robots in a specific San Francisco neighborhood. The limited trial requires human supervision and operates strictly during weekday daytime hours.

Postmates Prepares to Go Public Amid Fierce Food Delivery Competition

Postmates plans to release its IPO paperwork in September, aiming for a stock market debut by the end of the third quarter. The delivery company moves forward with its public offering despite ongoing industry consolidation and fierce competition from Uber and DoorDash.

Postmates Nears First San Francisco Permit for Sidewalk Delivery Robots

Postmates is set to become the first company to receive an official permit for testing sidewalk delivery robots in San Francisco under a new city pilot program. The 180-day permit authorizes the company to test up to three of its semi-autonomous Serve rovers on public sidewalks.

Government Shutdown Delays Highly Anticipated 2019 Tech Unicorn IPOs

The ongoing government shutdown forces major tech companies like Uber and Lyft to postpone their planned public debuts. Meanwhile, startups like Postmates and N26 continue to secure massive private funding rounds.