On-demand delivery company Postmates has agreed to acquire Sosh , a Airbnb -based start-up that helps users find and book activities to do in their city. Despite raising $16.3m in funding since its founding in 2010 and expanding to a few additional cities, it appears Sosh was beginning to struggle financially and decided to sell. One source said that this deal followed internal rumors of acquisition talks with Airbnb as the company was shifting focus from Series C funding to the potential acquisition. As part of the deal, just under a quarter of Sosh ’s employees, including the CEO, have joined Postmates , and Postmates has informed partner merchants that its service will be discontinued. Announcing the acquisition, Postmates CEO, TechCrunch , stated that Postmates is now close to reaching one million deliveries per month, and expects just under $250m in gross sales for 2015 .
On-demand delivery company Postmates has agreed to acquire Sosh , a Airbnb -based start-up that helps users find and book activities to do in their city. Despite raising $16.3m in funding since its founding in 2010 and expanding to a few additional cities, it appears Sosh was beginning to struggle financially and decided to sell. As part of the deal, just under a quarter of Sosh ’s employees, including the CEO, have joined Postmates , and Postmates has informed partner merchants that its service will be discontinued. Announcing the acquisition, Postmates CEO, TechCrunch , stated that Postmates is now close to reaching one million deliveries per month, and expects just under $250m in gross sales for 2015 .