*By Christian Smith*
On-demand delivery company Postmates is ready to go public by 2019, according to the company's SVP of Finance & Strategy Kristin Schaefer.
In fact, the company is even "ready today," she said Tuesday in an interview on Cheddar.
"If you look at the financials of the company today, it could be a public company."
Schaefer's comments came after the company announced it had raised $300 million in a new round of funding. The new capital puts Postmates's value at about $1.2 billion, according to a [report](http://fortune.com/2018/09/18/postmates-funding-unicorn/) by Fortune, making it among the latest start-ups to join the so-called unicorn club.
With its new funding, Schaefer said Postmates plans to increase its reach from half of U.S. households to 75 percent.
One key to Postmates's growth is its subscription service "Postmates Unlimited," which eliminates delivery fees on orders over $20 for a fee of $10 a month, a rate that drops to $8 if customers pay for the full year at once.
The Unlimited service currently makes up one in every three orders for the company, but Schaefer expects that to climb, especially as it invests its new capital in the program.
"We haven't done a ton of broad-based marketing around it, but we're seeing incredibly fast adoption from our existing customer base," she said.
"You will see us this year, adding additional benefits and continuing to market around it so more consumers know it's available."
For full interview [click here](https://cheddar.com/videos/postmates-announces-300-million-funding-round).
Taking a look at investment strategy as the new year gets into full swing.
Americans stepped up their spending in December more than expected, closing out the holiday season and the year on an upbeat tone. The Commerce Department said retail sales rose 0.6% in December compared with a November’s 0.3% increase.
A New York architect charged in a string of slayings known as the Gilgo Beach killings was accused in a 25-year-old Connecticut woman's death.
Uber purchased Drizly in a cash-and-stock deal for $1.1 billion in 2021. The drink delivery app will shut down in March, according to Uber.
After Donald Trump's victory at the Iowa caucus, Nikki Haley and DeSantis continue their campaigns as New Hampshire's primary looms.
Christine Short, VP of Research at Wall Street Horizon, shares insights on small and big banks earnings, a fresh round of layoffs in the tech world, and what to expect from upcoming rate decisions.
More executives are feeling better about the global economy. But a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence.
The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports.
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. But scientists worry that what’s behind those numbers could be even worse.
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
