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Postmates CEO: The food delivery space is not a winner-take-all market

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Think about competition in the food delivery space like the streaming wars, Postmates CEO Bastian Lehmann says.

The delivery wars are heating up with Grubhub and Uber having already hit the public markets and now Postmates might not be far behind.

The food delivery unicorn filed for its IPO confidentially in February and closed an additional $225 million raise in September, bringing Postmates' valuation up to $2.4 billion. Bastian Lehmann, co-founder and CEO of Postmates, joins "Squawk Box" to discuss.

 

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Postmates CEO: Rival GrubHub's debacle is not a warning sign on overall food delivery businessGrubHub's terrible earnings and more than 40% stock plunge last week is a GrubHub problem, says Postmates co-founder Bastian Lehmann. Wrong. Sure is.
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Glovo acquires Poland's PizzaPortal to beat Uber Eats for $39 million - Business InsiderGlovo, a food delivery app which is thrashing Uber Eats in parts of Europe, just acquired a Polish competitor for $39 million
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