Postmates gets a whopping $140 million in new funding


Postmates has raised $140 million in a new round of funding, a huge cash injection to a company that had been struggling to attract users and turn a profit. 

Postmates offers delivery of just about anything a person could want, including restaurants that don’t otherwise deliver. The company has a workforce of more than 40,000 people that transports goods on demand. 

The new round was led by Founders Fund, which counts controversial investor Peter Thiel among its partners, the company said in a press release. The firm closed a $1.3 billion fund in March 2016. Read more…

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