Postmates planning September IPO, report says

Postmates would become the fourth food delivery company to go public, joining Uber, Grubhub and Waitr. DoorDash is also reportedly in talks with …

Dive Brief:

  • Postmates plans to file for its initial public offering next month, according to TechCrunch.
  • This report contradicts a Recode report from last month that stated Postmates was exploring a sale versus an IPO, but is in line with the company’s February announcement that it confidentially filed for an IPO with an estimated valuation of more than $1.85 billion.
  • Postmates would become the fourth food delivery company to go public, joining Uber, Grubhub and Waitr. DoorDash is also reportedly in talks with banks about opening a $400 million line of credit ahead of its initial public offering.

Dive Insight:

Postmates’ plan to take itself public follows fruitless attempts to sell itself to rivals Uber and DoorDash, according to the San Francisco Business Times. Instead, the company will add even more intensity to the food delivery category that is fighting over market share and investors alike.

Despite all of the activity, food delivery remains a relatively unproven category with uncertain profitability. Although UberEats grew more than 140% year-over-year, its parent company lost more than $5 billion in the past three months alone.

This begs the question of whether or not there is room on the market for four delivery companies and, if DoorDash’s IPO rumors come to fruition, if there’s space for five — especially if there aren’t too many differentiators between them and if profitability remains elusive. Plenty of analysts have pointed to inevitable consolidation in the space, and that has already started to happen. DoorDash recently acquired Caviar for $410 million, for example.

Profitability isn’t the only challenge facing this category. Delivery companies across the board have had to overcome a bevy of labor and policy issues that could turn off some investors. DoorDash, for example, has been under fire lately for using tips given to delivery workers through the app to subsidize their base pay, while Grubhub recently updated its call fee and web domain policies after it was accused of cybersquatting.

Postmates has mostly been insulated from these issues, though it faced pushback from its workers after altering its payment model in May. The company may, however, have an edge over the competition from its efforts to diversify. Founded in 2011, the firm has added features like Postmates Party, Postmates Live and Postmates Unlimited, a subscription model, for example. The company is also testing sidewalk delivery robots in San Francisco, has partnered with Square and Bringg and is reportedly growing faster than UberEats and Grubhub nationally.

Postmates’ model has already turned on quite a bit of venture capitalists, having raised $681 million in private venture funding to date, according to Pitchbook. This could bode well for its market debut.

Related Posts:

  • No Related Posts

Study: almost 30 percent of food app delivery drivers have tasted your food

The study surveyed more than 1,500 adults who have used food delivery apps, including UberEats, Grubhub, DoorDash, and Postmates. Among top …

(WKBW) — You may think twice before ordering out, after reading this study.

According to a new study from US Foods , 28 percent of food app delivery drivers have taken food from an order. On the flip side, 21 percent of consumers suspected delivery app drivers of taking their food.

The national survey looked at habits of both delivery drivers and consumers who use popular food delivery apps. The study surveyed more than 1,500 adults who have used food delivery apps, including UberEats, Grubhub, DoorDash, and Postmates.

Among top consumer complaints, 17 percent consistently complained their food was not warm or fresh. Sixty percent of drivers complained about the lack of tips.

The study surveyed about 500 delivery drivers. You can read more about the survey here .

Related Posts:

  • No Related Posts

Do you think your food delivery person samples your food? You may not be wrong survey says

The survey showed UberEats is the most popular, with Grubhub, DoorDash and Postmates filling out the top four. It also found that people will, …

Before you make that lunch or dinner order, consider this new survey.

Restaurant food supplier US Foods reached out to consumers and delivery people about their habits and pain points when it comes to ordering and delivering food through apps like DoorDash and Grubhub.

The group asked about how long people will wait for an order and how much they tip among other topics.

But one question and answer pair may be unnerving for those who are doing the ordering.

>> Read more trending news

It seems that of the nearly 500 delivery drivers who took part in the survey, 28% of them had tried some of the food they were tasked to deliver, the “Today” show reported.

And it has been noticed by customers, with 21% of those receiving the meal think has been sampled before delivery, the survey found.

The delivery personnel worked for at least one third-party food delivery company and have a median age of 30.

US Foods asked 1,518 adults who use the same services.

Many of the customers surveyed said they would like a “tamper-evident label” on their food, Delish reported.

The survey showed UberEats is the most popular, with Grubhub, DoorDash and Postmates filling out the top four. It also found that people will, on average, wait about 40 minutes for an estimated delivery time, the survey found.

They’re also willing to pay for the service. The average of how much when it comes to the delivery fee, service fee and a tip is about $8.50, US Foods found.

Delivery people also have shared their pain points when it comes to the job. Some said they are upset when it comes to customers not answering phones or how long it takes to get to the customer’s location, but their worst complaints are a low or no tip and when the restaurant takes too long to make the meal.

Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.

Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.

Related Posts:

  • No Related Posts

Online Food Delivery Market Share 2019 by Companies Postmates, DoorDash, Cavlar

Our newly published study report titled as “Discover Global Online Food Delivery Market growth drivers, challenges and upcoming trends”. The report …

Our newly published study report titled as “Discover Global Online Food Delivery Market growth drivers, challenges and upcoming trends”. The report about the worldwide Online Food Delivery market provides detailed related to this industry. The report also includes information about main players, components, analysis, situation of the business, various examples, market size, SWOT analysis and best patterns in the Online Food Delivery industry. The Online Food Delivery market report also helps users to get a sense of what is actually happening in an market that is future prospects, Online Food Delivery market competition of the industry with other emerging markets, Online Food Delivery market degree of competition within the industry.

Inquiry Before Buying @ https://spiremarketresearch.com/report/global-online-food-delivery-market-19485#inquiry-for-buying

Based on the investigation, the research report of the Online Food Delivery market is anticipated to gain at a CAGR of xx.x % between the year 2019 and 2025 in order to reach a valuation of US$ xx.x million/billion by the end of 2025. Given study explains the brief data regarding the changing Online Food Delivery market structure which influence markets & industries as well as technologies &abilities.

The top players included in this report as follows:

Domino’s

Seamless

Pizza Hut

Papa John’s

Eat24

Postmates

DoorDash

Cavlar

Ube’s Eats

Delivery.com

The Online Food Delivery report segmentation by type:

Delivery

Takeaway

Online Food Delivery market applications can be segmented as:

Family

Non-Family

The recent report analyses the worldwide Online Food Delivery market on the basis of end user segments and remarkable product types. The Online Food Delivery market report gathers relevant information from various sources to forecast the growth of each segment related to the Online Food Delivery market scenario. The report mainly focuses on the worldwide Online Food Delivery market and meanwhile analyses the several micro and macro-economic parameters that are closely affecting the growth of the Online Food Delivery market globally. As per the recent buzz, the worldwide Online Food Delivery market economy is observing its slowest growth phase in the previous two decades based on the Online Food Delivery market scenario.

Apply sample copy of the report here: https://spiremarketresearch.com/report/global-online-food-delivery-market-19485#request-sample

The research study also includes all the possible factors that can influencing the market. All these factors are evaluated in detail, verified through extensive primary or secondary resources, and deeply examined to receive the concluding qualitative and quantitative information.

Trending Report:- https://spiremarketresearch.com/report/global-vibratory-bowl-feeder-market-18351

Related Posts:

  • No Related Posts

Data Shows Regionalized Delivery Share

Grubhub has NYC on lockdown, while DoorDash leads in San Francisco, Dallas and San Antonio. Postmates is far ahead in Los Angeles, with Uber …

There are plenty of reports showing national market share among U.S. delivery providers, but the industry is highly fragmented with some providers far outperforming others in the largest American cities. Grubhub has NYC on lockdown, while DoorDash leads in San Francisco, Dallas and San Antonio. Postmates is far ahead in Los Angeles, with Uber Eats eclipsing the others in Miami.

These findings come from Second Measure, a Bay Area-based technology company that analyzes billions of transactions to glean intelligence in partnership with some of the largest U.S. investment firms.

In aggregate, DoorDash has been growing faster than any other U.S. delivery brands this year, reaching 34 percent of total U.S. meal delivery sales last month. Formerly the leader, Grubhub slipped to second including its Seamless and Eat24 subsidiaries—a combined share of 33 percent.

“Sales at nearly all the delivery companies in our analysis are growing, but DoorDash’s growth stands out,” the report read. “In June, the company saw a staggering 175-percent year-over-year jump.”

Looking at 12 of the largest U.S. cities, Second Measure shows DoorDash far ahead in Houston, DFW and San Francisco with 62, 55 and 47 percent of the market, respectively. Grub captures 71 percent of the market in New York City, and is on top in Boston and Philadelphia. The Chicago-based provider has 41 percent of the market in its hometown.

Uber Eats, which has a third of the U.S. market, is far and away the leader in Miami with 48 percent of the market. The brand’s next highest cities are Atlanta at 38 percent and DFW, where it has 27 percent of the market according to the report.

Postmates is even more provincial with a massive 38 percent of share in LA. Its next largest markets are Phoenix (26 percent) and Miami (23 percent).

Why is this important? With more restaurants using multiple delivery providers, some brands offer better coverage and customer service (for restaurant partners) in different cities. In addition, delivery consumers are highly loyal, using only one or two services on average, meaning that what’s best in one city could fall flat in another.

Click HERE for the full report.

Related Posts:

  • No Related Posts