Postmates, a U.S.-based logistics company, has raised $300 million in funding round led by investment firm Tiger Global.
With this funding, Postmates will expand its selection advantage, broaden coverage to over 70 percent of U.S. households by the end of the year.
The company will also develop new point-of-sale integration technologies, deploy state of the art application programming interface tools, scale social impact investments & new workforce development policies and invest in cutting-edge research and development to devise new last-mile mobility solutions.
As part of this round, Tiger Capital will join the Postmates board of directors.