Tuesday, August 25, 2015

Can Postmates pull off universal one-hour delivery?

Over the last five years, a booming new industry has developed: on-demand delivery services that let you order over the web, or with a mobile app, from merchants that up until now were only accessible if you went to the store. Postmates describes itself as the largest of these companies, the software service at the heart of a fast-growing business.

Its fleet of couriers deliver everything from sneakers to sandwiches to cellphones. The company doesn't sell any of these items itself. Rather it acts like an API, enabling any vendor to add delivery as an option to its website or app. Its clients include 7-11 and Apple and the company recently raised an $80 million round of funding that reportedly values it at $400 million.

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