Food delivery company Postmates is said to be on its way to profitability in the next year or two, with an IPO on the horizon for 2019. Postmates co-founder and CEO Bastian Lehmann said in an interview with Forbes that sales and revenue are both on the rise for the San Francisco-based company, which delivers prepared foods and groceries on demand to customers in more than 100 US cities. The 5-year-old company has raised nearly $300 million from backers including Founders Fund, Slow Ventures and Spark Capital.
Read the full Forbes piece here.
Article by PitchBook