Postmates reportedly hires investment bank to advise on fund-raising efforts
On-demand delivery specialist Postmates has hired the investment bank Qatalyst Partners to give advice on fund-raising activities, according to media reports. An article published on the influential technology news site re/code on Friday (4 March) actually said that Postmates had hired Qatalyst Partners to “advise it on fund-raising efforts or a possible sale”, and claimed its information came from “three people familiar with the arrangement”.
Postmates is one of the most high profile “crowd sourced” operators in the US market and its business is express delivery from local restaurants and stores.
This is a young but crowded market. Other key players in the US include GrubHub and DoorDash – and, as previously reported by Post&Parcel, both Uber and Amazon have been ramping up their restaurant delivery services too.
