News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »

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
Source: BusinessInsider - 🏆 729. / 51 Read more »