The food-delivery startup, which is laying off employees and closing an office, was valued at $2.4 billion in September.
Postmates is in talks to find a potential buyer, CNBC reported on Tuesday, citing a single source. The food-delivery startup has also laid off dozens of employees and decided to close its office in Mexico City, CNBC reported, citing sources familiar with the matter. Postmates filed confidential IPO paperwork in February, but delayed its plans to join the stock market after Uber and Lyft delivered disappointing debuts and WeWork pulled the plug on its IPO in the face of fierce investor backlash.
Postmates is in talks to find a potential buyer, CNBC reported on Tuesday, citing a single source. The food-delivery startup has also laid off dozens of employees and decided to close its office in Mexico City, CNBC reported, citing sources familiar with the matter. Postmates filed confidential IPO paperwork in February, but delayed its plans to join the stock market after Uber and Lyft delivered disappointing debuts and WeWork pulled the plug on its IPO in the face of fierce investor backlash.
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