Daily Crunch: Uber confirms Postmates acquisition
You may have noticed that The Daily Crunch is publishing about six hours later than usual. Do not be alarmed! We decided that sending the newsletter later in the day… »
Category: Postmates
Uber reportedly agrees to acquire Postmates for $2.65 billion
Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning. Like other travel- and transportation-related… »
Uber could lose its Grubhub deal to Just Eat or Delivery Hero
According to CNBC there are two suitors rivaling Uber for purchase of U.S. food delivery company Grubhub: Just Eat Takeaway (the union of Just Eat and Takeaway) and Delivery Hero…. »
Ford postpones autonomous vehicle service until 2022
Ford said Tuesday it will delay plans to launch an autonomous vehicle service to 2022, as the COVID-19 pandemic has prompted the company to rethink its go-to-market strategy. The news… »
For Uber and Lyft, this week has been a wild ride
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Uber and Lyft have been on quite a ride this… »
Workers at America’s largest companies are not covered under coronavirus aid package
Workers at America’s largest companies are not covered under a bill passed by the House of Representatives on Friday that is supposed to support American workers impacted by the spread… »
White House and House Democrats agree to funding package for paid sick leave, funding for tests
Late Friday night, after nearly two full days of negotiations, the House of Representatives is finally set to pass a bipartisan plan to provide sweeping new benefits to workers and… »
As national COVID-19 cases top 1,000, insurers waive treatment fees and US preps stimulus
The number of COVID-19 cases in the U.S. crossed 1,000 on Tuesday as President Donald Trump met with the nation’s largest insurers and members of his cabinet to discuss how… »
Big tech commits to paying wages for hourly employees affected by coronavirus plans
Following Microsoft’s lead from late last night, some the biggest technology companies in the U.S. have agreed to pay wages for hourly employees impacted by the ongoing corporate response to… »
Senator urges Uber, Lyft, Instacart and others to offer gig workers financial security in light of COVID-19 concerns
While some gig economy companies have already taken steps to try to prevent the spread of COVID-19 among its workers, Sen. Mark Warner (VA) is encouraging them to go further… »
Uber and Postmates claim gig worker bill AB-5 is unconstitutional in new lawsuit
Postmates and Uber have filed a complaint in California federal district court, alleging that a bill limiting how companies can label workers as independent contractors is unconstitutional. The complaint, which… »
Bolt Bikes launches e-bike subscription platform for gig delivery workers in U.S., UK
Bolt Bikes, the Sydney, Australia-based startup founded in 2017, is taking its electric bike platform designed for gig economy delivery workers to the U.S. and UK. The company is expanding… »
Startups Weekly: Upfront Ventures bets on a bus service
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Before I jump into today’s topic, let’s… »
Waymo self-driving cars head to Florida for rainy season
Waymo is taking some of its autonomous vehicles to Florida just in time for hurricane season to begin testing in heavy rain. The move to Florida will focus on testing… »
Postmates lands first-ever permit to test sidewalk delivery robots in San Francisco
On-demand delivery business Postmates says it’s been granted the first-ever permit for sidewalk robotics operations in the city of San Francisco. According to San Francisco Public Works, the permits are… »
Postmates’ self-driving delivery rover will see with Ouster’s lidar
Postmates’ cooler-inspired autonomous delivery robot, which will roll out commercially in Los Angeles later this year, will rely on lidar sensors from Ouster, a burgeoning two-year-old startup that recently raised… »
How autonomous vehicles and hyperloop are scooting along
Cyrus Radfar Contributor Cyrus Radfar is the founding partner at V1 Worldwide. More posts by this contributor Amazon isn’t to blame for the Postal Service’s woes, but it will need… »
Sam Lessin and Andrew Kortina on their voice assistant’s workplace pivot
Sam Lessin, a former product management executive at Facebook and old friend to Mark Zuckerberg, incorporated his latest startup under the name “Fin Exploration Company.” Why? Well, because he wanted… »
Google finance head joins Postmates board ahead of anticipated IPO
Google’s vice president of finance, has joined Postmates’ board of directors, the latest sign that the on-demand food delivery startup is prepping to take the company public. Postmates announced Friday… »
Asian food delivery startup Chowbus raises $4M
When one food delivery startup fails, another gets funded. Chowbus, an Asian food ordering platform headquartered in Chicago, has brought in a $4 million “seed” funding led by Greycroft Partners and FJ Labs, with… »
Startups Weekly: Will Trump ruin the unicorn IPOs of our dreams?
The government shutdown entered its 21st day on Friday, upping concerns of potentially long-lasting impacts on the U.S. stock market. Private market investors around the country applauded when Uber finally filed documents… »
Postmates lines up another $100M ahead of IPO
Postmates, one of the earlier entrants to the billion-dollar food delivery wars, has raised an additional $100 million in equity funding at a $1.85 billion valuation, as first reported by… »
Robot couriers scoop up early-stage cash
Joanna Glasner Contributor More posts by this contributor Bots replacing office workers drive big valuations Getting personal: Funding rises for software-driven tastemakers Much of the last couple of decades of… »
Tiger Global returns with a $3M investment to help restaurants deal with delivery apps
Tiger Global has returned to backing early-stage Indian startups after it wrote a $3 million check for CheckMate, a U.S.-Indian startup the helps restaurant deals with the pain of multiple… »
Labour queries why MP used unsecured account for classified government business A personal email account belonging to Liam Fox, the former trade minister, was repeatedly hacked into by Russians who… »
How and when should startup founders think about the “exit”? It’s the perennial question in tech entrepreneurialism, but the how’s and when’s are questions to which there are a multitude… »
