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Postmates To Hire More Engineers As It Expands In The Seattle Area

PYMNTS

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. With that raise, it has a valuation of more than $1.85

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On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

That came after it shut down service in Seattle, Los Angels, and New York. In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable. That never happened, prompting its action earlier this week.

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Highspot Secures $60M In Funding Round Led By ICONIQ Capital

PYMNTS

ICONIQ Capital led the round, with participation from new investor Sapphire Ventures and all existing investors including Madrona Venture Group, OpenView, Salesforce Ventures and Shasta Ventures. Yet research shows that 65 percent of content produced by marketing for use by sales is never utilized. percent in 2017.

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Airbnb Challenger WhyHotel Scores $20M For Luxury Room Rentals

PYMNTS

The funding round was led by Harbert Growth Partners, with other participants including Highland Capital Partners, Camber Creek, Working Lab Capital, Geolo Capital, Revolution’s Rise of the Rest Seed Fund and former Bain Capital Partners MD Mark Nunnelly all participated in the round.

Arlington 130
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eCommerce Grocer Weee Notches Almost $50M In Funding

PYMNTS

Lightspeed Ventures, iFly.vc, Silicon Valley Bank and Goodwater Capital were participants in the investment, Deal Street Asia reported. The new funding will assist the startup in speeding up team building, supply chain optimizations and market growth. Bigbasket competes against Amazon and Flipkart in the Indian eCommerce market.

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Rising Delivery Costs Drives Houlihan’s Restaurant To Chapter 11

PYMNTS

The private-equity backed operator of Houlihan’s restaurant chain has filed for bankruptcy protection. There is already a deal in place to sell Houlihan’s to restaurant operator Landry’s for $40 million, as well as the assumption of some liabilities, according to The Wall Street Journal on Thursday (Nov.

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Using Airbnb’s Playbook To Give Corporate Housing A Digital Makeover

PYMNTS

Or maybe a relatively bland extended-stay operation right off the interstate. To learn more about the trend, PYMNTS recently caught up with Kulveer Taggar, co-founder and CEO of Zeus , a digital and mobile-focused operation that puts business travelers into furnished housing that Zeus rents from owners.