Postmates is a popular delivery service platform that can get you anything you need. Be it food, or groceries, or anything you need, they’ve got you covered. But, as reported by Bloomberg, Uber Technologies Inc. has agreed to acquire the company in a $2.65 billion takeover. While this mega-deal can be expected to be announced in the coming week, Kevin Durant is a person who can rejoice from the outcome of this acquisition.
Watch What’s Trending Now!
The reason being that Kevin Durant invested in the company back when he just signed with the Golden State Warriors. Here is how Durant described his decision to invest in Postmates, in a year-old interview with ESPN’s Ramona Shelburne. “I’m hungry one day, and Rich was like, ‘Yeah, [this company will] bring you food from any restaurant.’ I’m like, ‘They’ve got an app like that? Can you call somebody up there? We need to get involved because we use this s**t on a day-to-day basis.’”
As per Forbes, Durant invested $1 million in 2016. Darren Rovell of The Action Network posted a tweet last year on an estimated jump in Durant’s investment value. Postmates isn’t the preferred delivery application for food or groceries. But, a lot of users certainly make use of the app’s beneficial features, and that in turn is spiking Durant’s returns.
JUST IN: On demand delivery service Postmates has closed an investment round that values the company at $1.85 Billion. Sources say low seven-figure investment made by @KDTrey5 & his business arm @35Ventures in the summer of 2016 is up more than 10 TIMES. pic.twitter.com/AaxiVtxcPU
— Darren Rovell (@darrenrovell) January 11, 2019
So how much will Kevin Durant get as part of his share?
The Brooklyn Nets star can see his fortune going up, from the return that he will be getting. Uber acquiring Postmates will see Kevin Durant earning 15-times more than what he initially invested. Forbes reported that the two-time Finals MVP will be receiving $15 million if Uber finalizes the deal.
Forbes also reports that Thirty Five Ventures, a company founded by Kevin Durant and his business manager Rich Kleiman, has 15 full-time dedicated employees focusing on KD’s investments, endorsements, and other media activities.
Besides earning millions through his NBA contracts, Durant is gradually rising as a business magnate. Moreover, through his company, KD is giving back to the society as well. The 31-year-old has an after school program in his native, for kids from low-income families to help them recognize and achieve their dreams.
For a man like KD, the sky is the limit. Everyone might hate him for making the move from OKC to the Warriors, but he did what he did. Durant is always on the top of his game, be it on the basketball court or off-court business life.
