Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Dragontail has entered into a new aggregator collaboration agreement with one of America’s leading food delivery logistics company Postmates
  • Postmates operates in 2940 U.S. cities and has a validation of $1.85 billion
  • This collaboration is in line with Dragontail’s focus on expanding into the U.S. market
  • The agreement will utilise Dragontail’s Also platform

Dragontail Systems has entered into a new aggregator collaboration with Postmates – one of America’s leading food delivery logistics companies.

Launched in 2011 and headquartered in San Fransisco, Postmates pioneered the on-demand delivery movement to the United States by offering delivery from restaurants and stores that previously didn’t offer it.

As of February 2019, Postmates operates in 2940 U.S. cities. In January, of the same year, Postmates raised $100 million with the total valuation of the company reaching $1.85 billion.

This new relationship is part of Dragontail’s focus on expanding into the U.S. market and securing new potential large customers.

This collaboration joins two other similar alliances recently made by Dragontail with DoorDash and Kin Shun Information Technologies.

DoorDash is a logistic and delivery company that connects people with food outlets in their city. Kin Shun is a Singapore-based company that offers point-to-point delivery solutions mainly in the Asia-Pacific markets.

All collaborations will be comprised of utilising Dragontail’s Algo platform.

Algo uses a sophisticated patent-pending optimisation algorithm to optimise and manage the entire process starting from food preparation all the way to customer delivery. This completely streamlines the food preparation and delivery processes.

It also automatically includes the alternative to use the restaurant’s own drivers (if available), or other drivers, to manage the deliveries in the best time possible.

The Algo system is equivalent to a super switched on manager that is looking at every single order location, driver location and meal status.

With the food delivery business ramping up and constantly evolving, there are so many details and tasks for managers to undertake at once.

Algo calculates every second in the background while displaying the best possible decisions, both in the kitchen and dispatching station.

The collaboration with all these companies will provide quick service restaurants the opportunity to incorporate the possibility of delivering via the aggregator drivers together with their own.

This will reap benefits such as greater cost efficiency and customer satisfaction.

DTS by the numbers
More From The Market Herald
Spectur (ASX:SP3) - Managing Director, Gerard Dyson

" Spectur (ASX:SP3) raises $1.15m in SPP

Spectur (ASX:SP3) has raised $1.15 million through a security purchase plan (SPP) and shortfall offer.
The Market Herald Video

" Zimi (ASX:ZMM) taps investors for $1.5m to fund growth

Internet of Things company, Zimi (ASX:ZMM) has tapped investors for $1.5 million to accelerate sales and…
The Market Herald Video

" DXN (ASX:DXN) to sell all assets and subsidiaries for $26m

DXN (ASX:DXN) has planned to sell all business assets and subsidiaries to Flow2Edge Australia for about…
The Market Herald Video

" LiveTiles (ASX:LVT) to delist from the ASX

Emerging from a trading halt, LiveTiles (ASX:LVT) today confirmed it had submitted a formal request to…