Exclusive: Delivery Startup Postmates Raises $300 Million, Joins Unicorn Club

On-demand delivery startup Postmates raised a whopping $300 million in venture funding to accelerate its growth across the U.S. Tiger Global led the round, and the deal values the company at approximately $1.2 billion, according to a source familiar with the situation.

"We didn't have plans to raise additional capital," Postmates CEO Bastian Lehmann told Term Sheet. "Tiger Global approached us and said it's time to put some more gas in this machine. So we decided to show everyone what we...

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