Postmates

Uber planning to spin out Postmates’ delivery robot arm

Another Uber spinout is in the works. Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 billion, is seeking investors in its bid to become a s

Exclusive: Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last

According to a recent letter sent to its investors, Tiger Global Management, the New York-based investing powerhouse, is raising a new $3.75 billion venture fund called Tiger Private Investment Partne

Uber sells air taxi business Elevate to Joby Aviation, shedding its last moonshot

Uber has offloaded its air taxi enterprise Elevate to Joby Aviation, the last of several moonshots to be sold by the ride-hailing company in a pursuit to stick to its core business and reach profitabi

Uber officially completes Postmates acquisition

Uber today announced the official completion of its Postmates acquisition deal, which it announced originally back in July. The all-stock deal, valued at around $2.65 billion at the time of its disclo

After Prop 22’s passage, Uber is taking its lobbying effort global

Fresh off of its success on Election Day, Uber is signaling that it will continue to push laws similar to the Proposition 22 measure approved by California voters that will keep gig workers classified

CA ballot measure that keeps gig workers as independent contractors passes

Uber, Lyft, Instacart and DoorDash — the major backers of California’s Proposition 22 — are getting their way. The proposition, which will keep gig workers classified as independent

The Station: Waymo makes its safety case, AV partnerships abound and the rising cost of FSD

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Welcome back to The Station, a newsl

Spying a pivot to ghost kitchens, SoftBank’s second Vision Fund pours $120 million into Ordermark

“We’re building a decentralized ghost kitchen,” is a sentence that could launch a thousand investor calls, and Alex Canter, the chief executive officer behind Ordermark, knows it. Th

Postmates is launching a new retail delivery feature as brick and mortar stores face 14% drop in sales

Postmates is now rolling out what could be the biggest update to the company’s service in a long time — adding a retail option for users to shop local stores and for local merchants to set

LA Rams, Fanatics and Postmates coordinate on an on-demand pop-up

Postmates, now destined to be a division of Uber, is diving deeper into the world of on-demand retail and its partnership with the National Football League. The company, working alongside Fanatics and

Mixtape Podcast: Proposition 22 and the labor divide

California’s Proposition 22 is the most funded and perhaps one of the most contentious ballot measures in the state’s history. To date, the Yes on 22 side has put north of $185 million into th

Quarantine drives interest in autonomous delivery, but it’s still miles from mainstream

The prospect of truly zero contact delivery seems closer — and more important — than ever with the pandemic changing how we think of last mile logistics. Autonomous delivery executives from FedEx,

TC Sessions: Mobility 2020 starts tomorrow

TC Sessions: Mobility 2020, kicks off in full swing tomorrow! Don’t miss out on two full days devoted to the technology and people that make things fly, roll, haul or deliver. Today’s the last day

Hear from Postmates, Refraction AI and FedEx about autonomous delivery at TC Sessions: Mobility 2020

Small startups and logistics giants alike are working on how to use automated vehicle technology and robotics for delivery. Some have even accelerated their efforts, with mixed results, as the COVID-1

Postmates cuts losses in Q2 as it heads towards tie-up with Uber

Popular food delivery service Postmates is in the process of merging with Uber in a blockbuster $2.65 billion deal that would see it join forces with its food delivery competitor, Uber Eats. The deal

Leonardo DiCaprio takes a stake in Struck Capital to fund the future of LA’s tech ecosystem

Leonardo DiCaprio is making a significant commitment to the Los Angeles-based investment firm Struck Capital as part of the actor’s commitment to building LA into a tech development powerhouse.

Darkstore launches FastAF app for same-day product delivery

Darkstore, the tech-driven fulfillment solution to enable e-commerce companies to offer same-day delivery, has just released a consumer-facing app called FastAF. Right now, the app is only available i

Postmates becomes the official on-demand food delivery partner of the NFL

The National Football League is naming Postmates as its very first on-demand food delivery partner. In this context, a partnership means a multiyear sponsorship, which also makes Postmates a sponsor o

Rideshare and taxi ad startup Firefly acquires Strong Outdoor’s out-of-home ad business

Firefly is expanding its ad business in New York City by acquiring the out-of-home business of Strong Outdoor, as well as by becoming the advertising partner for fleet operator Sally. Firefly launched

LA’s Kickback is a social shopping app that converts users into marketing channels through cash rewards

Franky Bernstein, the Venice, California-based serial entrepreneur, knows marketing. At his last startup, Markett, Bernstein turned college students into brand ambassadors who were paid by the compani
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