Naval Ravikant’s Latest Investment Portfolio: 5 Companies to Watch

2. Postmates

Postmates is an on-demand food delivery platform that gives customers access to restaurants and retailers. The firm was founded in 2011 by Bastian Lehmann, Sam Street, and Sean Plaice. Alongside Ravikant, other prominent investors in the company include BlackRock, Tiger Global, Founders Fund, Harmony Partners, and Spark Capital, among others. Postmates managed to raise over $763 million in a series of funding rounds till late 2019, valuing the company at around $2.4 billion. 

In December 2020, ride-hailing firm Uber Technologies, Inc. (NYSE:UBER), one of the earlier investments of Ravikant, acquired Postmates for around $2.65 billion. Hedge funds hold large stakes in Uber Technologies, Inc. (NYSE:UBER). Among the hedge funds being tracked by Insider Monkey, Boston-based Altimeter Capital Management is a leading shareholder in Uber Technologies, Inc. (NYSE:UBER) with 1.5 million shares worth more than $482 million. 

ClearBridge Investments, in its Q3 2021 investor letter, mentioned Uber Technologies, Inc. (NYSE:UBER). Here is what the fund has to say in its letter:

“We have also been looking for multiyear secular trends outside of the IT and Internet sectors to help us maintain a portfolio that can perform well in markets with varied sector or factor leadership. In particular, electrification of the global economy and the transition to electric vehicles (EVs) are areas where we continue to add exposure. We are investing in the brains behind EVs through NXP in the control center and Aptiv for safety features. Global rideshare leader Uber Technologies, Inc. (NYSE:UBER) will also be a key player in the transition from internal combustion engines to EVs.”