Postmates, the delivery startup that competes against Grubhub, among others, and is expected to launch an initial public offering (IPO), is reportedly in hiring mode. The company is boosting the number of engineers it is hiring in and around the Seattle, Washington area.
The delivery company has nine openings for engineers around Seattle, according to a report in GeekWire, citing job listings at Postmates. One of the job postings is for an engineering manager of operations technology, noted the report. “We recently opened a brand new engineering site at downtown Bellevue, where you really can be amongst the first employees in a well-funded, proven, highly technical, highly visible and business critical idea,” the job posting stated, according to GeekWire. While Postmates has an office at WeWork in Bellevue, Washington employing 22 engineers, the job ads show the company is seriously growing its presence in the area. The company also has offices in New York, Nashville, Mexico City and Vancouver.
In February the delivery startup filed its IPO documents with the Securities and Exchange Commission. The company did not announce the size and price range in the filing but has reportedly tapped JPMorgan Chase and Bank of America to handle the offering. Earlier in 2019, it raised $100 million in funding from investors including BlackRock, Glynn Capital, Tiger Global, and others. With that raise, it has a valuation of more than $1.85 billion. Postmates has been in growth mode, debuting a delivery robot at the end of last year. The robot relies on cameras and Lidar to get around the sidewalks.
If and when Postmates launches its IPO it will be the latest in a string of startups that are tapping the public markets. Lyft went public in late March while Pinterest debuted in April. Uber is expected to launch its IPO in May in what could become the largest IPO on record.
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